Eramet says it secured $400 million lithium deal with Glencore

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Eramet said on Wednesday that it had signed earlier this month a $400 million deal with commodities group Glencore to jointly market some 50,000 metric tons of lithium produced on its Argentina site over five years.

The French group said the deal was not yet included in its first-half results reported on Wednesday, Eramet Chief Financial Officer Nicolas Carre told reporters.

Eramet said last month that Glencore was among parties to have expressed interest in helping finance its lithium production in Argentina.

 

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