Glencore Discloses New 5.6% Passive Stake in Chilean Cobalt Corp. (COBA)

On May 22, 2026, Glencore International AG and its parent company, Glencore plc, filed a Schedule 13G with the SEC disclosing a new 5.6% ownership stake in Chilean Cobalt Corp. (COBA). The filing reports that Glencore acquired 3,250,000 shares of common stock, with the triggering event occurring on May 18, 2026. This acquisition represents a significant new position for the global commodities giant in the cobalt-focused mining company. The shares are held with shared voting and dispositive power between Glencore International AG and Glencore plc. According to the filing, the securities were acquired for investment purposes and not with the intent to influence or change the control of the issuer. This move aligns with Glencore's ongoing strategic interests in critical battery metals. The filing was submitted under Rule 13d-1(c) as a joint statement between the two reporting entities.