Cobalt Mining News

The EV future is here and already boosting earnings for miners

“Look at what’s required over the next 50 years, 60 years, and known lithium on the planet, I don’t think it’s as much as everyone understands it to be.”

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

Garibaldi Resources beats out tech, energy, life sciences firms for Toronto market's annual crown with 2,351% market cap gain and 150m shares traded.

35 minerals absolutely critical to US security

The list includes minerals that are important for defense, economic, and industrial purposes.

Vancouver company obtains positive results in process of extracting metals from petcoke

MGX Minerals will proceed with its previously announced partnership with Highbury Energy.

This guy got rich on Congo mines until bribe probe put future on hold

A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go.

Cobalt price: Supply scramble heats up with Canadian deal

Cobalt 27, RNC Minerals shares pop after inking $70m deal on world's largest undeveloped cobalt, nickel sulphide deposit.

Apple in talks to buy cobalt directly from miners — report

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Eramet eyes expansion in electric vehicle metals

Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit in Argentina.

Randgold looks to the Americas in quest to diversify

Flush with cash, Randgold is on the hunt for gold mines outside Africa.

Toyota to make cheaper electric motors by halving use of rare earths

Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.

Congo's Kabila yet to sign new mining code as deadline nears

The President has 15 days from the time parliament sends him the bill to either sign it into law or return it to parliament for further deliberation. If he takes no action, the bill automatically becomes law.

Congo's cobalt hopes risk the same ruinous road as Thai rice: Russell

The DRC's attempts to extract more from cobalt will unleash a wave of unintended consequences, none of which will be positive for the government in Kinshasa.

Australian Mines signs off-take deal with Korea's SK Innovation

Australian Mines said the agreement included an option for SK Innovation to buy up to 19.9% of its ordinary shares.

Battery-technology metals to leave gold, silver in the dust: readers

A whopping two-thirds of MINING.com readers say battery-technology metals will perform better than precious or base metals this year.

US seeks to boost output of 35 minerals, reduce import reliance

The administration wants to identify new domestic sources of critical minerals and increase domestic exploration, mining and recycling.

Sweden hunts for cobalt as electrical vehicle race boosts demand

Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are in demand among makers of EVs.

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

INFOGRAPHIC: The true costs of artisanal mining

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

MGX eyeing lithium brine assets in Chile

Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.

Soaring cobalt prices force Samsung SDI to mine metal from old phones

The firm is also trying to halve use of cobalt in batteries from around 20% by raising the proportion of nickel, and it will start researching on development of nearly cobalt-free batteries.

BMW mining deals imminent as cobalt price powers on – report

"The aim is to secure the supply all the way down to the level of the mine, for 10 years."

Ivanhoe boss said he’d pay higher taxes in Congo if it benefits locals

Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties.

Private capital favours investing in copper over gold for first time

New report shows private equity investment in mining jumped to $2.3 billion last year, with the bulk going into copper and battery metals.

Congo seeks more cobalt market control as batteries drive boom

The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers.