Germany’s Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
Glencore Xstrata Plc (LON: GLEN) is said to be considering an offer to buy manganese assets from Eurasian Natural Resources Corp. (ENRC), a private Kazakhstan/Central African-focused company, Bloomberg reported Thursday.
The report added ENRC’s Zhairem GOK mainly sells manganese concentrate used in steel and its sale could fetch $100 million to $200 million.
London-listed ENRC took a major step to go private after a series of accusations of corruption and bribery last year. The ENRC’s three founders and the Kazakh government now control more than 75% of the diversified miner.
Should a deal be made, it would enable Switzerland-based Glencore to build on manganese assets from Vale SA in 2012.
