Cobalt Mining News

Mike Beck: nickel, cobalt, and lithium to benefit from generational demand shift in commodities

Mike Beck discusses the electric vehicle market, battery metal company investments, and battery metal supplies in interview with Palisade Radio.

LME launches probe on cobalt suppliers over fears of child exploitation

The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.

Russia's VTB Capital aims to double gold sales to China in 2018

Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.

Top Glencore executive quits Katanga board after accounting lapse

Katanga, which operates cobalt and copper mines in the DRC, said Aristotelis Mistakidis, Liam Gallagher and Tim Henderson had tendered their resignations.

Cobalt hedging not mining the route for VW in EV drive, official says

"Hedging by means of long-term (supplier) contracts is [] way to control such new issues (of securing materials supplies)," says VW head of sustainability.

Apple leads way in tracing cobalt from Congo, Microsoft lags – Amnesty

Statement by Amnesty International says while Apple is first company to publish names of its cobalt suppliers, other electronics brands made little progress.

New fertilizers based on metal nanoparticles expected to produce macro-harvests

Russian scientists have developed a new generation of innovative fertilizers that, they say, are capable of increasing crop productivity by 25 per cent.

Finnish nickel producer, Trafigura tap electric vehicle boom

Trafigura Group provides $200m in funding to Finland's Terrafame nickel mine, which plans to start producing material for electric vehicle batteries by 2020.

Chinese battery maker CATL eyeing upstream cobalt investments

China needs to ease its reliance on the Democratic Republic of Congo.

Glencore's big Congolese bet carries plenty of risk

Journalists shed more light on Glencore's activities in Congo, including 2009 loan to entity affiliated with controversial Israeli billionaire Dan Gertler.

Congo mining output rises, central bank warns of inflation risk

Rising mining production should help ease some of the economic problems in Congo where inflation is expected to hit 48 percent this year.

BHP aims for more copper, oil; steers away from EV minerals

BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.

BHP to step up copper exploration, expansions to meet electric vehicles sector’s rising demand

World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035.

Electric cars yet to turn cobalt market into gold mine – Nornickel

Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.

Unit of Austria's Voestalpine seeks year-long cobalt deal in race for supply

Demand for cobalt is expected to soar in coming years as governments battle pollution and more electric cars are built.

Juniors oppose Barrick’s plans to turn an old mine into a ski resort

"Barrick must be stopped!", a junior miner wrote.

China's Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom

China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.

Canadian company announces plan to open cobalt mine, refinery in east Idaho

Total initial capital cost is estimated at $187 million with additional sustaining, reclamation and closure costs of $101M totaling $288 million.

VW lowballs cobalt producers, fails to secure supply for EVs

In one of the clearest signs of a tight cobalt market, Volkswagen has failed to secure a long-term supply of cobalt used in electrical vehicle batteries.

Mitsui to build desalination plant for BHP’s Spence copper mine in Chile

The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).

Electric cars prompt consultants CRU to explore cobalt sulphate index

Any cobalt sulphate prices published by CRU would be based on traded prices in China, a cobalt industry source said.

BHP says 2017 a ‘tipping point’ for electric cars

Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.

Cobalt pure play offers 'unique exposure and leverage'

Numis initiated coverage with a Buy rating and target price of CA$11 on this "dedicated cobalt investment vehicle."

Congo's Gecamines to set new rules on mining proceeds

New controls aims at holding the company's partners, including Glencore, China Molybdenum and Ivanhoe, accountable in copper and cobalt projects

Canadian miners increase efforts to prevent child and forced labour in the supply chain

Initiative seeks contributing to global efforts in preventing the use of child and forced labour in the mining supply chain, and to providing information needed to demonstrate the responsible sourcing of minerals and metals.