Global cobalt markets to be in surplus in 2022
Mining News Pro - The global markets of nickel, lithium and cobalt – three of the key metals used in electric vehicle batteries – are expected to be in surplus in 2022, an analyst with Chinese state-backed research house Antaike said.
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Congo PM to mediate dispute over Tenke copper and cobalt mine
Mining News Pro - Democratic Republic of Congo’s prime minister expects to host talks between China’s CMOC and state miner Gecamines in the coming days over a dispute at their Tenke Fungurume copper and cobalt project, his office said on Wednesday.
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How the Idaho cobalt belt could be North America’s secret to growing EV production
Mining News Pro - As geopolitical worries and supply chain issues continue to affect all industries, North America is quickly turning to alternative sources of battery materials as the west looks to shore up its own supply chains, create jobs, and strengthen domestic energy production.
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CMOC’s Congo mine suspends copper and cobalt exports
Mining News Pro - CMOC’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator.
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Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine
Mining News Pro - A temporary administrator appointed by a Congolese court to run the world’s second-largest cobalt mine ordered majority Chinese owner CMOC to suspend marketing and export of its production, letters seen by Reuters showed.
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Brazilian Nickel begins production at Piauí nickel-cobalt laterite project
Mining News Pro - Brazilian Nickel PLC has announced that, after an 18 month construction and commissioning period, continuous nickel production has begun from its 100% owned Piauí nickel-cobalt laterite project.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Visit: 191
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.
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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.
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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.
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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.
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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
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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.
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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).
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Visit: 330
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).
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Visit: 388
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).
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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.
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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.
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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.
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