Madagascan nickel and cobalt producer Ambatovy has signed a three-year deal with London-based Stratton Metals for the marketing of its cobalt briquettes production, a spokesperson for Stratton told Fastmarkets on Wednesday August 18.
The agreement is for the sale of Ambatovy cobalt briquettes in Europe and the United States and is set to start on January 1, 2022, the source confirmed.
"Volumes will depend on prices and terms available in each jurisdiction and of course depend on production, but should be roughly 60-70% of Ambatovy...