Fresh blow to cobalt price bulls as prices sink below $20,000
Mining News Pro - The dispute between China’s CMOC and Congo’s state-owned Gècamines appears to be over paving the way for its massive stockpile of cobalt to start entering the market.
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Cobalt price to continue rising over next three years
Mining News Pro - The global cobalt industry is set to receive a significant boost and upward price trajectory in the next two to three years owing to a worldwide shift to a green economy, reports financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions).
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Civil unrest in South Africa, covid-19 may push cobalt prices up
Mining News Pro - Civil unrest in South Africa, a third wave of covid-19 and supply curbs in the Democratic Republic of Congo may push cobalt prices up to $25 per pound through 2021 from the current average of $23.94 per pound, according to a new report published by Fastmarkets.
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Cobalt price: 4 new Mutandas needed by 2030
The decision by Glencore (LSE: GLEN) this week to restart production at the mothballed Mutanda copper-cobalt mine in the Democratic Republic of Congo – the world’s largest cobalt mine – in 2022 will likely be one of many moves needed to ensure supply growth can match the trajectory of increasing demand.
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Booming electric vehicle sales drive surge in cobalt prices
Mining News Pro - Demand and prices for battery material cobalt are soaring as electric vehicles stream out of showrooms in China and Europe, with little prospect of a significant reversal as drivers and governments move to cut carbon emissions.
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Nickel, cobalt price: 10 charts show China’s grip on battery supply chain to last decades
Mining News Pro - New study shows Asian cathode, precursor producers’ control of nickel, cobalt supply go way beyond long-term off-take agreements
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Cobalt price rally lifts EV Metal Index to fresh record high
Mining News Pro - Month on month price and deployment data (bar nickel) for the raw materials all improved in November, boosted by the overall increase in EV sales (including hybrids) during the month, 73% year over year and the relative outperformance of full electric cars and plug-in hybrids.
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China cobalt prices leap to 2-year high on stockpiling
Mining News Pro - Prices for cobalt metal in China powered to their highest in almost two years on Thursday, with traders attributing the rally to a new round of buying by the country’s state stockpiler.
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Glencore strategy to underpin cobalt prices post covid-19
Mining News Pro - A year ago Glencore announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak, hit 18 months before.
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Cobalt price surges on transport delays from SA
Mining News Pro - Transport delays from South Africa against an increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries.
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Chinese battery breakthrough needn’t worry cobalt price bulls
Mining News Pro - High energy density, longer-range NCM (nickel-cobalt-manganese) cathodes, together with Tesla’s NCA (nickel-cobalt-aluminum) technology account for over 90% of batteries in passenger EVs.
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Cobalt price rebounds on Beijing stockpiling talk
Mining News Pro - Long-suffering cobalt bulls received some good news on Wednesday with new data showing prices for the battery raw material rebounding at the start of 2020.
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Nickel, cobalt price: Electric car sales are tanking, but metal use spikes
Mining News Pro - The global auto industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit, quoted by Bloomberg News.
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Lithium and cobalt prices to remain under pressure as supply overtakes demand
Mining News Pro - Both cobalt and lithium prices have experienced a collapse, driven by a loosening of fundamentals as a number of new projects come online, Fitch Solutions’ latest Industry Trend analysis reports.
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Surge in battery nickel use is more bad news for cobalt price
Mining News Pro - Battery metals tracker Adamas Intelligence says electric vehicle manufacturers deployed 57% more nickel in passenger EV batteries in May this year, compared to 2018.
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Cobalt price collapse hits Sherritt’s earnings
Mining News Pro - Investors dumped Nickel and cobalt miner Sherritt International’s (TSE: S) shares on Friday, after the company released first quarter earnings.
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Cobalt prices could rally 30% by mid-2019
Mining News Pro - Cobalt is almost always a byproduct of nickel and copper mining. Image: Glencore Instagram
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Cobalt prices could rally 30% by mid-2019
Mining News Pro - Since hitting near decade highs in March, cobalt prices are down by more than a third, languishing in the low $50,000s.
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Cobalt price drop by 7% in Cango
Mining News - The price of cobalt is down 7% since hitting near 10-year peaks in March to exchange hands for $89,000 a tonne this week.
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Visit: 924