Budgets jumped about 19%, outpacing last year’s gain.
Cobalt Mining News
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.
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.
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.
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.
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.
The numbers are up thanks to the success of the company’s Moa JV with the Cuban Government.
The vessel performed a 138-day survey in the west Pacific.
Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.
Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.
Barachois is a sedimentary hosted vanadium-selenium-silver-lead-zinc prospect that covers 1,801 hectares.
Glencore Plc’s sudden discovery that some of its cobalt is radioactive couldn’t have come at a better time.
The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.
The technique could lower cobalt content to as little as 4 percent of battery cathodes, from about 20 percent needed in some now.
The property was originally explored as an iron-ore mine prospect but it ended up showing cobalt potential with positive assay results.
The temporary suspension comes as Katanga found excessive levels of uranium in the mine's ore.
Michael Rowley, president and CEO of Group Ten Metals Inc. interview with Maurice Jackson.
The company specifically targeted cobalt for the first time at this historic silver producing mine.
"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."
TechMet Ltd., which controls just a handful of assets from Canada to Rwanda wants to help challenge China’s domination of the nascent industry.
The federal government has announced that it will provide up to 25% of the construction costs for the road through the P3 Canada Fund.
The deeper the mine, then the bigger the savings.
"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'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.
Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), predicts a strong metals recovery ahead.