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.

Ramu nickel-cobalt suspension trims output by 3,300-3,800t

Mining News Pro - A pandemic suspension at Metallurgical Corp of China’s Ramu nickel-cobalt project in Papua New Guinea will trim output, but the company will fulfil its contract obligations, an official said on Saturday.

Top 10 cobalt operations outside of China and the DRC

Mining News Pro - The global cobalt supply chain remains geographically concentrated — in the Democratic Republic of Congo (DRC) for mine production and China for refining — which will likely pose procurement challenges for battery manufacturers, market analyst Fitch Solutions finds in its latest industry report.

Britishvolt joins Fair Cobalt Alliance

Mining News Pro - UK battery cell technologies company Britishvolt has joined the Fair Cobalt Alliance (FCA), which is committed to developing responsible and fair artisanal and small-scale mining (ASM) cobalt supply in the Democratic Republic of Congo (DRC).

China's CMOC eyes solar and hydro for Congo copper/cobalt expansion

Mining News Pro - China Molybdenum Co (CMOC) is looking to tap more hydropower projects and potentially use solar energy as it expands its production of copper and cobalt in Democratic Republic of Congo, its vice-chairperson said.

First Cobalt secures $45m for refinery construction

Mining News Pro - Battery materials company First Cobalt has secured a $45-million debt and brokered equity financing package for the construction of its refinery in Ontario, it announced on Monday.

Tesla, Re|Source to launch final pilot in DRC to trace cobalt from mine to EVs

Mining News Pro - Re|Source, a solution to trace responsibly produced cobalt from mine to electric vehicle (EV), is moving forward with a pilot project in the Democratic Republic of the Congo (DRC) jointly developed with EV giant Tesla.

China Moly commits $2.5 billion to double Tenke Fungurume copper, cobalt output

Mining News Pro - China Molybdenum will invest $2.51 billion to double copper and cobalt production at its giant Tenke Fungurume mine (TFM) in the Democratic Republic of Congo.

​​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.

Jervois Mining to buy Freeport Cobalt for $160 million

Mining News Pro - Australian miner Jervois Mining said on Tuesday it would buy Finland-based Freeport Cobalt for $160 million in a deal that could make it the second largest cobalt producer outside China.

Cyberattack disrupts main African cobalt, copper export hub

Mining News Pro - A cyber attack has disrupted container operations at the South African port of Cape Town, affecting its operating systems. Durban, the busiest shipping terminal in sub-Saharan Africa, was also affected.

UK fraud unit finds alleged bribe network behind cobalt hub

Mining News Pro - U.K. prosecutors have told Swiss authorities they have proof of an alleged money-laundering ring spanning from Africa to Europe that paid almost $380 million in cash bribes to authorities in the Democratic Republic of Congo.

UK fraud unit finds bribe network behind world’s cobalt hub

Mining News Pro - UK prosecutors have told Swiss authorities they have proof of an alleged money-laundering ring spanning from Africa to Europe that paid almost $380 million in cash bribes to authorities in the Democratic Republic of Congo.

Congo likely to start artisanal cobalt buying within eight weeks

Mining News Pro - The Democratic Republic of Congo is expected to start buying cobalt from artisanal miners within eight weeks as it aims to become the only legal buyer from miners in the informal sector.

Giga Metals advances Turnagain nickel-cobalt project toward 2022 PFS

Mining News Pro - Giga Metals has begun a 2021 work program at the Turnagain nickel-cobalt project, located in north-central British Columbia. Archaeological and wildlife surveys are underway and resource drilling has begun, the company said.

Cobalt ‘bubble’ will burst, Ivanhoe executive in Congo says

Mining News Pro - The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo.

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.

Glencore leads miners in cobalt blockchain pilot

Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) has joined forces with battery material supplier Umicore and other major miners to trace the cobalt they produce and use using blockchain technology.

China Moly to help small-scale cobalt miners

Mining News Pro - Cobalt and tungsten producer China Molybdenum and its Swiss-based trading arm, IXM, have joined a program that seeks to help artisanal and small-scale miners (ASM) become a responsibly-managed, viable source of battery metals.

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