July 2, 2024

India in talks with Africa, Latin America countries for critical mineral blocks

India is also in discussions with Australia for critical minerals.

July 1, 2024

Congo’s Gecamines opposes deal for Trafigura-backed miner

Its board on Friday unanimously rejected the transaction.

July 1, 2024

Hedge funds are hoarding cobalt amid battery metal slump

Cobalt futures trading has taken off on CME Group’s Comex exchange, creating a way for traders to hedge their physical positions in the newly liquid futures market. 

June 28, 2024

Trump re-election may lead to commodity market fragmentation: HSBC

Commodity markets, already contending with high prices driven by structural supply constraints, also face uncertainties from increased geopolitical tensions.

June 27, 2024

China’s Norinco agrees to buy struggling Congo cobalt miner Chemaf

The deal with Norin Mining will enable Chemaf to settle its debts.

June 25, 2024

Japan finds over 200 million tonnes of battery metals in seabed

The nodules are said to contain 610,000 tonnes of cobalt (75 years of Japan’s consumption) and 740,000 tonnes of nickel (11 years).

June 24, 2024

Eramet, BASF cancel plan to invest $2.6 billion in refining complex in Indonesia

Eramet said it will continue to evaluate potential investments in the nickel electric vehicle battery value chain in Indonesia.

June 24, 2024

Friedland, McEwen back Power Nickel’s “oversubscribed” $15m funding

The exploration junior has amassed $15 million to expand exploration on its 80%-owned NISK project in Quebec.

June 19, 2024

Trafigura-led group orders 275 wagons for US-backed Lobito rail

The Lobito corridor is seen as a key export route from mines in Congo and Zambia for copper and cobalt.

June 18, 2024

Nickel 28 CEO repays $2.3 million, resigns

The company founders had allegedly violated their duties and frequently lacked judgment concerning company policy on insider trading, expenses and ethics.