Numis initiated coverage with a Buy rating and target price of CA$11 on this "dedicated cobalt investment vehicle."
Cobalt Mining News
New controls aims at holding the company's partners, including Glencore, China Molybdenum and Ivanhoe, accountable in copper and cobalt projects
Initiative seeks contributing to global efforts in preventing the use of child and forced labour in the mining supply chain, and to providing information needed to demonstrate the responsible sourcing of minerals and metals.
South Korea’s SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs.
China's metals trade figures were once a spotlight on the state of the world's manufacturing engine and price driver.
The price of one of the most common lithium ion battery precursor materials, cobalt sulphate, has continued to surge in August by over 14%.
Copper output in Congo, Africa's top producer of the metal, rose 15 percent year-on-year in the first half of 2017 to more than half a million tonnes, and cobalt production surged 27 percent to almost 40,000 tonnes, the central bank said.
Base metals are showing signs of real strength, with prices across the complex breaking out, or threatening to do so.
Prices for cobalt, a key ingredient in lithium-ion batteries for electric vehicles, have spiked 83 percent this year.
Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy.
In an exclusive Critical Resource Q&A, leading mining entrepreneur Ross Beaty gives his investment tips, puts the boot in on the Trump agenda, and calls for more renewables and less consumption to avoid ecological collapse.
Swiss giant raises outlook for the rest of the year after revenues at $75 billion a year metals and minerals business jump 20% during first half.
Since the anti-fur campaigns of the 1980s and 90s, the responsible consumerism movement has been gaining momentum. Wild-life products, genetically modified foods, apparel, cosmetics and jewelry, to mention but a few, have come under scrutiny.
The company plans to build and begin operating a hydrometallurgical plant to prove continuous recovery of cathode material
And vanadium has bottomed.
The move is aimed at advancing the Sconi cobalt-nickel-scandium project in Queensland
Battery costs to fall 50% - beginning to compete with gas.
While the mood at the recent Junior Indaba mining event was sombre when it came to South Africa’s policy environment, there were some interesting opportunities being mooted for minerals like lithium.
Democratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 billion project was hit by financing problems.
Cuba plans to produce 54,500 tonnes of nickel and cobalt sulfides this year, state-run television said at the weekend.
Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.
Democratic Republic of Congo's government has formally requested financial support from international donors as it confronts a worsening economic crisis, a letter seen by Reuters on Thursday showed.
Pala Investments Limited, a multi-strategy investment company focused on the mining and metals value chain, is pleased to announce the closing of its investment in Cobalt 27 Capital Corp. in connection with Cobalt 27's public offering of 22,222,225 common shares in the capital of Cobalt 27 on June 23, 2017.
Minerals company Cobalt 27 Capital Corp made its debut on Canada's Venture Exchange on Friday, raising C$200 million in a listing that offers investors exposure to cobalt, a key metal for batteries in electric cars.
With a global shortage of cobalt predicted, Global Energy Metals has agreements in place that both secure supply and secure access to end-users.