Mike Beck discusses the electric vehicle market, battery metal company investments, and battery metal supplies in interview with Palisade Radio.
Cobalt Mining News
The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.
Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.
Katanga, which operates cobalt and copper mines in the DRC, said Aristotelis Mistakidis, Liam Gallagher and Tim Henderson had tendered their resignations.
"Hedging by means of long-term (supplier) contracts is  way to control such new issues (of securing materials supplies)," says VW head of sustainability.
Statement by Amnesty International says while Apple is first company to publish names of its cobalt suppliers, other electronics brands made little progress.
Russian scientists have developed a new generation of innovative fertilizers that, they say, are capable of increasing crop productivity by 25 per cent.
Trafigura Group provides $200m in funding to Finland's Terrafame nickel mine, which plans to start producing material for electric vehicle batteries by 2020.
China needs to ease its reliance on the Democratic Republic of Congo.
Journalists shed more light on Glencore's activities in Congo, including 2009 loan to entity affiliated with controversial Israeli billionaire Dan Gertler.
Rising mining production should help ease some of the economic problems in Congo where inflation is expected to hit 48 percent this year.
BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.
World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035.
Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.
Demand for cobalt is expected to soar in coming years as governments battle pollution and more electric cars are built.
"Barrick must be stopped!", a junior miner wrote.
China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.
Total initial capital cost is estimated at $187 million with additional sustaining, reclamation and closure costs of $101M totaling $288 million.
In one of the clearest signs of a tight cobalt market, Volkswagen has failed to secure a long-term supply of cobalt used in electrical vehicle batteries.
The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).
Any cobalt sulphate prices published by CRU would be based on traded prices in China, a cobalt industry source said.
Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.
Numis initiated coverage with a Buy rating and target price of CA$11 on this "dedicated cobalt investment vehicle."
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.