Cobalt Mining News

Congo expects declaration on strategic metals by end of October

Companies including Glencore, China Moly and Randgold Resources Ltd. have criticized the new laws as violating their rights, as well as being a deterrent to future investment, and are continuing to lobby for it to be significantly modified.

Most profitable mining companies in 2017

Polyus.

Glencore, China Moly face higher cobalt royalty taxes in Congo

The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.

Investors should focus on battery materials, not EVs – Blackstone Resources CEO

The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, powered by an ever-evolving battery-metal-mix of cathodes.

Congo will declare cobalt and other minerals as "strategic" in coming days – mines minister

The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.

Congo mines minister sees strategic metals decision 'very soon'

Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.

Royal Gold resolves Voisey’s Bay royalty dispute

Altius entered into an agreement with Vale Canada Limited and certain of its subsidiaries to comprehensively settle their long-standing litigation.

Top cobalt mines ranked by production in 2017

Top four mines are all located in the Democratic Republic of the Congo.

Don’t underestimate lithium-ion battery demand for nickel

The focus on lithium-ion batteries seems to reflect supply and demand of lithium and cobalt but it would be very wrong not to include nickel.

Congo plans to build special economic zone for cobalt users

The area will allow producers of electric vehicles, smartphones and other goods to “install themselves in the DRC".

First Cobalt eliminates Iron Creek project royalty

Welcome to Idaho.

Tesla’s cobalt-light batteries seen providing cost advantage

Batteries made by the U.S. manufacturer and its Japanese partner, Panasonic Corp., require less cobalt, the metal whose price has shot up.

Canadian cobalt company says thieves stole 76 tonne hoard

Cobalt 27 stockpile worth $5 million stolen from Rotterdam warehouse.

Why battery miners are swarming Europe’s biggest rock collection

Being home to Europe’s biggest rock collection has finally come in handy for Sweden

Congo's H1 copper production rises 8%, cobalt output up 38%

Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key component in electric vehicles and other electronic products.

World’s ‘most beautiful’ electric car to hit the road in 2020

Announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.

Quebec miner looking for cobalt and precious metals

Manganese X Energy now wants a taste of the cobalt market.

Reduced cobalt electric car batteries delayed amid price fall

"Poorer life cycle, reduced safety and misrepresented relative cost savings are all major concerns for electric vehicle producers."

DRC miners form new body to fight mining code

The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country’s new mining code.

Chinese firm launches $832m Zambia copper mine

NFC Africa, majority owned by China Non-ferrous Metals Company Limited launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years.

Chinese cobalt sulfate prices continue to slide but at slower pace

Chinese cobalt sulfate prices continued to edge lower although the pace of decline has slowed as spot prices have fallen to below production costs.

Lithium and cobalt use in consumer electronics to rise mildly

The global smartphone market accounts for the largest consumer electronics segment, accounting for around half of its market share.

China's CATL to start producing next-gen low-cobalt batteries in 2019 — source

China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.

Major gold mine decision ignores local voices of Yukon – Kuskokwim Tribes and Residents

Yukon and Kuskokwim Tribes and leadership respond with anger to State and Federal Permits issued for Record of Decision for Donlin Gold Project.