BHP, Anglo American touch one-year highs.
Cobalt Mining News
The tax demand from the British authorities is linked to transfer pricing
Operations are being suspended while a feasibility study is conducted on building two processing facilities to treat ores at the site.
The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.
Panoramic Resources' first shipment from the Savannah mine contained 7,735 wmt of nickel/copper/cobalt concentrate valued in approximately $6.1 million.
Fortune will undertake the construction of a road from the mine site to Whati, a village is only 50 km south of Fortune’s NICO mill project.
More than 50 EV stations will be located along the Trans-Canada highway from Nova Scotia to British Columbia.
Iron Creek contains 26.9 million inferred tonnes grading 0.08% cobalt and 0.3% copper for 46.2 million lb. cobalt and 176.2 million lb. copper.
Improving battery technologies will mean that even long-haul trucks could be economically electrified during the second half of the next decade.
Was it another false dawn for the nickel market?
The market is comfortably supplied in the short term, there shouldn't be any risk of shortages as long as the big projects ramp up.
The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.
Together with an industry partner, the company built a pilot plant to recycle cobalt, nickel, manganese, and aluminum.
Other assays were positive as well.
The junior explorer reported this week that Grasset’s H1 zone has now been intersected for 1,140 metres along strike.
Is the LME trying to create a reputational green wash that allows it to say its members source responsibly because they tick some boxes?
By 2030, oil demand could hit a peak and then enter decline.
Output of cobalt rose 43.8 percent to 106,439 tonnes, while gold production increased by 22.6 percent to 28,539 kg.
Benchmark's MD Simon Moore told the Senate Committee on energy that 70 battery megafactories are in global production – up from 17 .
Carmakers may have to consider investing directly in cobalt mines in order to secure supply over the next three to five years, according to ord Motor Co. senior manager for energy storage strategy and research Ted Miller.
Production of cobalt, used in batteries for EV's, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes.
The company says the refinery successfully leached 98% of the metal from the cobalt hydroxide with head grades in excess of 20% cobalt.
While lithium spot prices moved only one way in 2018, cobalt experienced more of a rollercoaster ride.
And that's all the way to 2050.
Company has signed a socio-economic agreement with the government of the Northwest Territories.