How One Trader’s Cobalt Hoard Is Making Its Way to America’s Strategic Vault

How One Trader’s Cobalt Hoard Is Making Its Way to America’s Strategic Vault - Moby THE GIST Mining major Glencore has agreed to buy the last of metal trader Rami Weisfisch’s stockpile of cobalt — nearly 2,000 metric tons worth $115 million. In a fine example of how middlemen work, the traded cobalt was originally acquired back in 2015 and has been stored in Europe and the U.S. Glencore is buying the last of Weisfisch’s cobalt, stored in the U.S., and most likely selling it back to the federal governmen ...