No set price in cobalt sales agreement between Managem and BMW
The Moroccan group, Managem will provide CSR certified cobalt at market price. The bulk of deliveries will begin next year.
21/07/2020 at 14h45, by Pierre-Olivier Rouaud
The supply contract for close to 2,000tn of cobalt between the Moroccan mining company, Managem and automobile manufacturer, BMW “will be honoured on the basis of the value of the metal according to a formula based on prices published by Metal Bulletin”, Amine Afsahi, Managem’s executive director marketing & commercial, tells Jeune Afrique Business+ from the group’s trading headquarters in Zug, Switzerland.
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