Saudi Arabia of cobalt: Congo eyes battery-metal price power
Mining News Pro - Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions.
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Visit: 92
Congo launches state-owned cobalt miner
Mining News Pro - The Democratic Republic of Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the country’s hand-mined cobalt.
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Visit: 91
Top five EV makers responsible for 50% of cobalt deployed in 2020
Mining News Pro - In 2020, a total of 18,750 tonnes of cobalt were consumed in the batteries of newly-sold passenger EVs globally, an increase of 29% year-over-year, a new report by Adamas Intelligence reveals.
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Visit: 117
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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Visit: 224
Anglo Pacific says `ideal time` to invest in cobalt
Mining News Pro - Anglo Pacific has completed the acquisition of a 70% net interest in a stream on cobalt production from the Voisey`s Bay mine in Canada from private equity sellers for cash consideration of $205-million and further contingent of up to $27-million.
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Visit: 241
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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Visit: 112
Brazil nickel/cobalt project advances to BFS stage
Mining News Pro - A bankable feasibility study (BFS) at the Piauí nickel project (PNP), in Brazil, is under way, privately held Brazilian Nickel has announced.
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Visit: 147
Glencore strengthens cobalt partnership with Norwegian battery producer
Mining News Pro - Diversified miner Glencore International and Norwegian battery producer FREYR have signed a letter of intent for the supply of up to 3 700 t of high-purity cobalt metal cut cathodes produced at Glencore’s Norwegian operations, Nikkelverk.
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Visit: 183
Glencore inks “ethical cobalt” deal with FREYR
Mining News Pro - Miner and commodities trader Glencore (LON: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes.
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Visit: 230
Tesla hit by battery shortage amid rallying lithium, cobalt, nickel prices
Mining News Pro - In a call to investors following disappointing financial results released Wednesday, CEO Elon Musk says Tesla doesn’t have enough cells to put new products like Semi truck into production.
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Visit: 130
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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Visit: 213
What China’s increasing control over cobalt resources in the DRC means for the West
Mining News Pro - Market analyst Roskill published a report where it states that China’s increasing control over copper and cobalt resources in the Democratic Republic of the Congo could pose a threat to western market participants.
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Visit: 97
Hardy bacteria turn out to be good cobalt miners
Mining News Pro - Scientists at Michigan State University found that Geobacter – bacteria found in soil and sediment – are effective cobalt miners, as they are able to extract the metal from rust without letting it penetrate their cells and kill them.
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Visit: 178
First Cobalt signs supply deal with Glencore, eyes China Moly contract
Mining News Pro - First Cobalt Corp said on Tuesday it signed a deal with Glencore and has agreed a tentative pact with a unit of China Molybdenum Ltd for cobalt supplies from the Democratic Republic of the Congo.
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Visit: 179
Global cobalt production capacity expected to be cash positive in 2021
Mining News Pro - Market analyst Roskill forecasts that cobalt’s all-in sustaining cost of production will fall by around 2% y-o-y in 2021, from $23,085/t to $22,600t.
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Visit: 179
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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Visit: 169
Cobalt may substitute platinum in fuel cells
Mining News Pro - A team led by researchers at the Pacific Northwest National Laboratory in the United States designed a highly active catalyst that contains cobalt interspersed with nitrogen and carbon and, thus, doesn’t rely on platinum to spur the necessary chemical reaction.
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Visit: 191
First Cobalt gets C$10m government boost to refinery
Mining News Pro - First Cobalt has secured C$10 million ($7.8m) in government funding that will allow it to accelerate the development of its cobalt refinery in Ontario, 600 kilometers from the US border.
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Visit: 178
DRC joins Cobalt Action Partnership
Mining News Pro - The Minister of Mines of the Democratic Republic of the Congo, Willy Kitobo Samsoni, joined this week the Cobalt Action Partnership (CAP), a program with main goals to eliminate child and forced labor from the cobalt value chain, contribute to the sustainable development of communities, and respect the human rights of those affected by cobalt mining.
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Visit: 168
First Cobalt secures C$10m public funding for refinery
Mining News Pro - First Cobalt Corp. announced Wednesday that it has secured C$10 million in government loans and grants, allowing the company to accelerate the startup and expansion of its cobalt refinery in Ontario.
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Visit: 153
China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m
Mining News Pro - China Molybdenum said on Sunday it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million.
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Visit: 172
China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m
Mining News Pro - China Molybdenum said on Sunday it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million.
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Visit: 263
China Inc. extends cobalt grip with bigger Glencore deal
Mining News Pro - Glencore Plc, the world’s biggest supplier of cobalt, has extended its supply agreement with battery maker GEM Co., allowing the Chinese company to secure supply of the crucial metal until the end of the decade.
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Visit: 175
Glencore extends Chinese cobalt contract
Mining News Pro - Glencore will supply cobalt to Chinese battery manufacturer Green Eco-manufacture Hi-tech (GEM) for an additional five years after expanding their partnership.
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Visit: 190
Glencore, China’s GEM extend strategic cobalt partnership
Mining News Pro - Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years.
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Visit: 153