Cobalt Mining News

Automakers spending $255B on EVs a 'pile-up of epic proportions'

Battery materials can charge mining's next supercycle but new study says automakers will "throw away tens of billions" making electric vehicles no-one wants.

Volkwagen invests USD$100m in solid-state battery research firm

Sold-state batteries have been made with ceramics and glass.

Cobalt explorers see Congo mine law offset by price, high grades

Junior miners exploring for cobalt in the DRC reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed.

Battery startup gets funding to develop cobalt-free products

Conamix’s technology is intended to reduce the cost of batteries used for electric vehicles and grid storage.

Cobalt stocks in China set for new surge as EV boom rolls on

A slump in cobalt prices and the shares of Chinese refiners may provide an ideal bargain-hunting opportunity for investors.

BHP steps up efforts to sell Nickel West business in Australia — report

The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.

Brixton Metals spins out cobalt assets

Welcome to Cobalt Street.

China marks cobalt, copper ascendancy in Congo with new group

The 35-member union includes China Molybdenum Co.-controlled Tenke Fungurume Mining and MMG Ltd., as well as subsidiaries of China Nonferrous Metal Mining Group and Huayou Cobalt Co. Sicomines, among others.

After cobalt-free pledge, Panasonic to triple consumption for auto batteries – sources

Panasonic Corp expects to more than triple its cobalt consumption in five years' time.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Gecamines says Glencore deal to yield billions for Congo state

Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper Co.

Glencore's great game is avoiding US sanctions: Chris Bryant

Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.

Glencore settles legal row with former partner over Congo royalties

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Congo miner Gecamines plans to renegotiate with foreign partners

Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms.

Congo plans to start $13.9 bn hydropower project this year

The plant would form part of a larger Grand Inga hydropower complex spanning the Congo River.

RANKED: Commodities that are added to mining company names

No surprise who the winner is.

Cobalt hunt takes Aussie explorer to forest on BMW's doorstep

The search for cobalt, a key component of the battery-powered auto fleets of the future, has arrived on BMW AG’s doorstep with a discovery of an ore deposit not far from its i3 electric city car plant.

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

Vale deal shows carmakers will need to pay up to secure cobalt

Vale agreement sets something of a price benchmark for long-term cobalt deals by showing what financial investors are willing to pay.

Cobalt battery boom wavers as prices slide in top user China

A lull in purchasing by battery makers suggests the market is not yet short of supply.

Wheaton Precious Metals, Cobalt 27 acquire cobalt stream from Vale for US$690M

"We see numerous similarities between cobalt and silver."

China's CITIC grabs stake in Ivanhoe Mine for $560 million

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

Congo mining code regulations signed into law – aides

Code sets Congo on collision course with mining firms.

Northvolt begins building Europe’s largest lithium-ion battery plant

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.