Chilean Cobalt inks offtake LoI with Glencore

US-based exploration company Chilean Cobalt (C3) has announced a letter of intent (LoI) with commodities major Glencore regarding an offtake agreement and strategic partnership for its La Cobaltera project, in northern Chile. The LoI contemplates C3 supplying 100% of its cobalt and copper production for an initial five years to Glencore.