Cobalt Mining News

Miners' spending on hunt for copper, EV metals hits $10 billion

Budgets jumped about 19%, outpacing last year’s gain.

China plumbs ocean depths to extend its cobalt lead

China, the leading holder of international deep sea exploration licences, increases its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific.

Global cobalt glut won't be stemmed by Glencore Congo output stoppage

Disruptions to cobalt supplies in the DRC are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year.

Congo opposition reneging on unity boosts Kabila protege

Kabila’s anointed successor in power would raise the risk of instability in a key supplier of the metals used in electric vehicles and mobile phones.

Waymo said to launch first driverless car service in December

Pricing may become more nuanced as Waymo collects more data from the commercial program, once it figures out how to charge for in-ride entertainment and advertising, analysts expect base fares to drop.

Talon Metals tables PEA at Tamarack North

Tamarack North nickel-copper-cobalt project in Minnesota is expected to produce 23.3 million lb. nickel and 11.1 million lb. copper per year over a 7 year mine life.

Sherritt International sees jump in nickel production and profit

The numbers are up thanks to the success of the company’s Moa JV with the Cuban Government.

Chinese vessel collects cobalt samples in the Pacific – Xinhua

The vessel performed a 138-day survey in the west Pacific.

Cobalt prices could rally 30% by mid-2019

Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.

Japan's Sumitomo Metal cuts FY profit forecast on lower metal prices

Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.

Go Cobalt to earn 100% interest in vanadium mine in Quebec

Barachois is a sedimentary hosted vanadium-selenium-silver-lead-zinc prospect that covers 1,801 hectares.

Glencore's radioactive news may help give cobalt its buzz back

Glencore Plc’s sudden discovery that some of its cobalt is radioactive couldn’t have come at a better time.

Anglo finds returns outweigh risks as it renews Africa focus

The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.

Car battery pioneer says new breakthrough will lower cobalt use

The technique could lower cobalt content to as little as 4 percent of battery cathodes, from about 20 percent needed in some now.

Surge Exploration to buy Atacama Cobalto property in Chile

The property was originally explored as an iron-ore mine prospect but it ended up showing cobalt potential with positive assay results.

Glencore’s Congo unit halts cobalt exports from Kamoto mine

The temporary suspension comes as Katanga found excessive levels of uranium in the mine's ore.

Group ten metals – On the search for platinum group metals in Montana

Michael Rowley, president and CEO of Group Ten Metals Inc. interview with Maurice Jackson.

Canada Cobalt shares jump nearly 12% after hitting high grades at Castle mine

The company specifically targeted cobalt for the first time at this historic silver producing mine.

Electric car demand fuelling rise in child labour in DR Congo – campaigners

"There is absolutely no way any company in the world could assure its consumers that the cobalt in its products is not tainted by child labour."

Mining veteran wants to build a $1B battery metals giant

TechMet Ltd., which controls just a handful of assets from Canada to Rwanda wants to help challenge China’s domination of the nascent industry.

Tlicho all-season road near NICO project approved

The federal government has announced that it will provide up to 25% of the construction costs for the road through the P3 Canada Fund.

BHP, top miners are starting to drive EV's deep underground

The deeper the mine, then the bigger the savings.

Trafigura-backed Finnish miner Terrafame to build EV battery plant

"Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Joni Lukkaroinen, CEO of Terrafame

Glencore posts rise in copper, cobalt output on Katanga restart

Glencore's copper production rose to 1,063,100 tonnes from the start of this year and cobalt output jumped 8,700 tonnes to 28,500 tonnes.

Eurasian Resources Group forecasts a strong metals price recovery

Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), predicts a strong metals recovery ahead.