Glencore is in advanced talks about backing a lithium project in Argentina being developed by French miner Eramet, in return for future supplies of the key battery ingredient.
The commodity giant will sign an offtake agreement in exchange for helping to fund the lithium processing plant that Eramet is building with China’s Tsingshan Holding Group, according to people familiar with the matter, who asked not to be identified because the information is private.
