December 5, 2022

CMOC threatens legal action over Congo cobalt mine export block

Tenke Fungurume Mining suspended copper and cobalt exports in July, when a dispute between Congo and CMOC escalated.

December 5, 2022

Glencore pays $180 million to Congo to settle corruption claims

Deal is the latest payment in a series of graft cases Glencore has faced and covers all alleged corruption activities between 2007 and 2018.

December 4, 2022

War in east is eroding Congo’s budget surplus, finance minister says

Windfall revenue from mining has compensated for some of the unexpected expenses of fighting a rebellion.

December 2, 2022

Volkswagen searches for battery cell plant sites in Canada

The German carmaker's first battery cell factory in North America would help VW expand its battery business outside Europe.

December 1, 2022

Congo agreed to pay Gertler’s company $250m in resources deal

The Israeli businessman is accused of leveraging his friendship with former Congo President Joseph Kabila to secure lucrative mining deals.

December 1, 2022

CME cobalt contract use soars above LME as big players join

Consumers, producers, commodity traders, brokers and banks are backing the CME's cash-settled contract as they want a liquid instrument to hedge cobalt.

November 30, 2022

EV battery cathode costs spike as lithium price sets fresh record

Relentless rise of lithium prices and recent bounce in cobalt and nickel put pressure on electric vehicle manufacturers.

November 23, 2022

Graphite poised to do a lithium 

Carmakers “are waking up” to often overlooked anode material accounting for nearly half the mass of battery cells by inking upstream deals.

November 23, 2022

Chinese mining deals under review as Congo targets windfall profits

The Democratic Republic of Congo wants a mining deal it signed with China more than a decade ago to be reworked.

November 22, 2022

Goldman Sachs says US, Europe could end reliance on Chinese EV batteries by 2030

Countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining.