Samsung negotiates multi-year deal with DR Congo SOMIKA SPRL.

Samsung C & T Corp., a subsidiary of the world’s largest smartphone maker, is negotiating a multi-year deal to buy cobalt from a Congolese rd miner, joining Apple Inc. in the global race to ensure the supply of metal at the heart of the electric car boom, according to information from the Bloomberg news agency.

Samsung C & T approached Somika SPRL to buy cobalt from its Kisanfu mine in the Democratic Republic of Congo after buying copper from the same company in the last four years, according to sources close to the situation reported by the American Bloomberg. “It’s not clear how much cobalt will be bought and Samsung still has to test shipping costs and potential users,” said one of the agency’s informants on condition of anonymity … read more …