Glencore Agrees to Buy 115 Million Dollars of Cobalt From Industry Veteran Rami Weisfisch
Glencore will buy 2,000 tons of cobalt to support a U.S. strategic stockpile initiative. The deal aims to reduce dependence on China as global prices surge.
Glencore, based in Switzerland 
CH, has agreed to purchase nearly 2,000 metric tons of cobalt from industry veteran Rami Weisfisch in a deal valued at approximately $115 million. Announced on February 24, 2026, the material is expected to be shipped to the United States 
US for inclusion in a planned strategic stockpile known as Project Vault. This significant transaction occurs within the cobalt / critical minerals sector as demand intensifies for materials essential to defense and military equipment.
CH, has agreed to purchase nearly 2,000 metric tons of cobalt from industry veteran Rami Weisfisch in a deal valued at approximately $115 million. Announced on February 24, 2026, the material is expected to be shipped to the United States US for inclusion in a planned strategic stockpile known as Project Vault. This significant transaction occurs within the cobalt / critical minerals sector as demand intensifies for materials essential to defense and military equipment.
