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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Visit: 30
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.
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Visit: 62
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.
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Visit: 81
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.
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Visit: 65
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.
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Visit: 59
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.
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Visit: 55
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.
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Visit: 66
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.
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Visit: 98
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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Visit: 180
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.
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Visit: 254
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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Visit: 614
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: 255
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: 204
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: 215
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: 307
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: 316
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: 171
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: 210
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: 242
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: 284
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: 203
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: 291
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: 167
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: 241
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: 275