Glencore agrees deal to sell cobalt to Tesla for new car plants

Glencore will sell cobalt to Tesla for use in vehicles being produced at new car plants in China and Germany, according to a person with knowledge of the matter. The deal could involve Glencore supplying as much as 6 000 t of the metal a year for lithium-ion batteries that power electric cars, the person said, asking not to be identified as the details are private.