Glencore plc is trading up about 2.4% today at roughly £602 following two positive company-specific developments.
- Glencore signed a binding offtake agreement to market 100% of the lithium carbonate produced from Phase 1 of T5 Smackover Partners' new East Texas operations. [7, 9]
- The deal covers an estimated 5,000 metric tons per year over a 5-year term, bolstering Glencore's exposure to critical minerals for the energy transition. [7, 9]
- Separately, the company completed the sale of its Kidd Operations legacy mine in Timmins to Discovery Silver. [8]