Cobalt gets cheaper as China’s buyers suffer from battery slump

Mining News Pro - Cobalt prices are crashing back to earth as sellers offer increasingly steep concessions to Chinese buyers who have turned cold on the battery metal as demand slumps in electric vehicles and smartphones.

Researchers demonstrate feasibility of using less cobalt, nickel in Li-ion batteries

Mining News Pro - Researchers at Japan’s Tohoku University have demonstrated the feasibility of synthesizing electrode materials for lithium-ion batteries using inexpensive elements.

Electric vehicles surpass phones as top driver of cobalt demand

Mining News Pro - Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal, or 34% of the total globally.

Cobalt tops Critical Materials Risk Index

Mining News Pro - The global supply chain of cobalt is the most at risk among the critical materials needed for the energy transition, a recent report by market intelligence provider Project Blue shows.

Covid-19 outbreak hobbles Chinese demand for cobalt, nickel

Mining News Pro - China’s Covid-19 outbreak is suppressing the country’s consumption of cobalt, nickel and lithium by disrupting transportation and cutting battery manufacturing, state-backed research house Antaike said.

Congo mines minister seeks to cancel artisanal cobalt monopoly

Mining News Pro - Democratic Republic of Congo Mines Minister Antoinette N’Samba Kalambayi is seeking to cancel a decree granting Entreprise Generale du Cobalt (EGC) a monopoly over artisanal cobalt produced in the country, she told Reuters on Wednesday.

Cobalt tops Critical Materials Risk Index

Mining News Pro - The global supply chain of cobalt is the most at risk among the critical materials needed for the energy transition, a recent report by market intelligence provider Project Blue shows.

Congo mines minister seeks to cancel artisanal cobalt monopoly

Mining News Pro - Democratic Republic of Congo Mines Minister Antoinette N’Samba Kalambayi is seeking to cancel a decree granting Entreprise Generale du Cobalt (EGC) a monopoly over artisanal cobalt produced in the country, she told Reuters on Wednesday.

Glencore cobalt mine scrutinized as Congo revisits foreign deals

Mining News Pro - Democratic Republic of Congo added Glencore Plc’s giant Mutanda copper and cobalt operation to a list of projects that could face renegotiation, just as the key battery metals mine is in the process of restarting.

Glencore to supply cobalt to GM in multi-year deal

Mining News Pro - Miner and commodities trader Glencore has inked a multi-year agreement with General Motors to provide the automaker with cobalt from its Murrin Murrin operation in Australia.

Cobalt powerhouse doubles down on nickel

Mining News Pro - Specialty metals refiner Umicore SA is enjoying record profits as battery materials boom, but the company is racing to avert a slowdown in sales as its cobalt-heavy chemicals fall out of favor with carmakers.

THE EV BOOM IS BEING FUELED BY UNDERPAID, UNDERFED COBALT MINERS

Mining News Pro - Workers at a Tesla supplier say they can’t get enough food or water on the job

Glencore in battery metal offtake deal with Missouri Cobalt

Mining News Pro - Glencore Plc agreed to an offtake deal with Missouri Cobalt LLC, giving the world’s biggest commodity trader more exposure to the crucial battery ingredient.

Global cobalt production hits record high in 2021

Mining News Pro - Global cobalt production hit a record high of 170,000 tonnes in 2021, according to preliminary data released by the US Geological Survey (USGS).

Cobalt’s record breaking year will continue to 2022

Mining News Pro - Global cobalt production hit a record high of 170,000 tonnes in 2021, according to preliminary data released by the US Geological Survey (USGS).

Cobalt outlook bullish through 2022 and beyond, ERG CEO says

Mining News Pro - The situation in the global cobalt market is such that prices could climb to new highs through 2022 and beyond, according to the chief executive officer of diversified mining company Eurasian Resources Group (ERG).

Glencore, Managem to produce cobalt from recycled batteries

Mining News Pro - Swiss commodities trader and miner Glencore (LON: GLEN) has partnered up with Moroccan mining company Managem to produce cobalt from recycled battery materials at a plant near Marrakech.

Fortune Minerals plans Alberta cobalt refinery

Mining News Pro - Fortune Minerals intends to buy a defunct steel processing plant in Alberta and turn it into a cobalt refinery.

Cobalt industry to get a big boost from the shift to a green economy

Mining News Pro - The global cobalt supply chain is set to remain highly geographically concentrated in the coming years — in the DRC for mine production and in China for refining — which will likely pose procurement challenges for battery manufacturers, market analyst Fitch Solutions finds in its latest industry report.

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).

Researchers link cobalt mining in the DRC to violence, substance abuse, food-water insecurity

Mining News Pro - After studying the impacts of cobalt mining in the Democratic Republic of the Congo, an interdisciplinary team of researchers led by Northwestern University is calling for more data on how emerging technologies affect human health and livelihoods.

New road paves the way for Canada’s first primary cobalt mine

Mining News Pro - Fortune Minerals, the company behind what could become Canada’s first primary cobalt mine, said this week that its NICO project will greatly benefit from the about-to-be-open Tlicho all-season road, linking the community of Whati to the national highway system.

New road paves the way for Canada’s first primary cobalt mine

Mining News Pro - Fortune Minerals, the company behind what could become Canada’s first primary cobalt mine, said this week that its NICO project will greatly benefit from the about-to-be-open Tlicho all-season road, linking the community of Whati to the national highway system.

First Cobalt aims to create specialist EV battery materials facility in North America

Mining News Pro - Canada’s First Cobalt aims to create North America’s first specialist facility for producing electric vehicle battery materials such as cathode chemicals, it said on Sunday, as it announced a name change to Electra Battery Materials.

Tesla, Apple, Google, Microsoft dodge Congo cobalt class-action

Mining News Pro - Google parent Alphabet, Apple, Dell, Microsoft and Tesla won’t have to face a class action suit claiming the tech giants bear responsibility for the alleged use of child labour in Congo to mine cobalt, a key ingredient of batteries in electric cars and consumer electronics, a federal court in Washington ruled Tuesday.

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