Congo to hike stake in copper, cobalt venture with China

Mining News Pro - The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country.

Fresh blow to cobalt price bulls as prices sink below $20,000

Mining News Pro - The dispute between China’s CMOC and Congo’s state-owned Gècamines appears to be over paving the way for its massive stockpile of cobalt to start entering the market.

Apple to use only recycled cobalt in batteries by 2025

Mining News Pro - Apple Inc said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade.

A $1.5 billion hoard of copper and cobalt is piling up in Congo

Mining News Pro - A growing pile of copper and cobalt worth about $1.5 billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines.

ERG to spend $1.8 billion doubling African copper, cobalt output

Mining News Pro - Eurasian Resources Group Sarl, the mining firm backed by Kazakhstan, plans to spend $1.8 billion doubling its African copper and cobalt output as it taps demand for metals needed for the green-energy transition.

Gates, Bezos-backed KoBold Metals to build copper-cobalt mine in Zambia

Mining News Pro - The start-up, which has Gates’ Breakthrough Energy Ventures and the world’s top miner BHP (ASX:BHP) as shareholders, will use its artificial intelligence tools to process drilling data and optimize exploration for copper and cobalt at Mingomba.

CME cobalt contract use soars above LME as big players join

Mining News Pro - Growing volumes for CME cobalt are expected to help the US exchange win market share in contracts for other materials used in electric vehicles such as lithium and aluminum.

Global cobalt markets to be in surplus in 2022

Mining News Pro - The global markets of nickel, lithium and cobalt – three of the key metals used in electric vehicle batteries – are expected to be in surplus in 2022, an analyst with Chinese state-backed research house Antaike said.

Congo PM to mediate dispute over Tenke copper and cobalt mine

Mining News Pro - Democratic Republic of Congo’s prime minister expects to host talks between China’s CMOC and state miner Gecamines in the coming days over a dispute at their Tenke Fungurume copper and cobalt project, his office said on Wednesday.

How the Idaho cobalt belt could be North America’s secret to growing EV production

Mining News Pro - As geopolitical worries and supply chain issues continue to affect all industries, North America is quickly turning to alternative sources of battery materials as the west looks to shore up its own supply chains, create jobs, and strengthen domestic energy production.

CMOC’s Congo mine suspends copper and cobalt exports

Mining News Pro - CMOC’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator.

Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine

Mining News Pro - A temporary administrator appointed by a Congolese court to run the world’s second-largest cobalt mine ordered majority Chinese owner CMOC to suspend marketing and export of its production, letters seen by Reuters showed.

Brazilian Nickel begins production at Piauí  nickel-cobalt laterite project

Mining News Pro - Brazilian Nickel PLC has announced that, after an 18 month construction and commissioning period, continuous nickel production has begun from its 100% owned Piauí nickel-cobalt laterite project.

Cobalt gets cheaper as China’s buyers suffer from battery slump

Mining News Pro - Cobalt prices are crashing back to earth as sellers offer increasingly steep concessions to Chinese buyers who have turned cold on the battery metal as demand slumps in electric vehicles and smartphones.

Researchers demonstrate feasibility of using less cobalt, nickel in Li-ion batteries

Mining News Pro - Researchers at Japan’s Tohoku University have demonstrated the feasibility of synthesizing electrode materials for lithium-ion batteries using inexpensive elements.

Electric vehicles surpass phones as top driver of cobalt demand

Mining News Pro - Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal, or 34% of the total globally.

Cobalt tops Critical Materials Risk Index

Mining News Pro - The global supply chain of cobalt is the most at risk among the critical materials needed for the energy transition, a recent report by market intelligence provider Project Blue shows.

Covid-19 outbreak hobbles Chinese demand for cobalt, nickel

Mining News Pro - China’s Covid-19 outbreak is suppressing the country’s consumption of cobalt, nickel and lithium by disrupting transportation and cutting battery manufacturing, state-backed research house Antaike said.

Congo mines minister seeks to cancel artisanal cobalt monopoly

Mining News Pro - Democratic Republic of Congo Mines Minister Antoinette N’Samba Kalambayi is seeking to cancel a decree granting Entreprise Generale du Cobalt (EGC) a monopoly over artisanal cobalt produced in the country, she told Reuters on Wednesday.

Cobalt tops Critical Materials Risk Index

Mining News Pro - The global supply chain of cobalt is the most at risk among the critical materials needed for the energy transition, a recent report by market intelligence provider Project Blue shows.

Congo mines minister seeks to cancel artisanal cobalt monopoly

Mining News Pro - Democratic Republic of Congo Mines Minister Antoinette N’Samba Kalambayi is seeking to cancel a decree granting Entreprise Generale du Cobalt (EGC) a monopoly over artisanal cobalt produced in the country, she told Reuters on Wednesday.

Glencore cobalt mine scrutinized as Congo revisits foreign deals

Mining News Pro - Democratic Republic of Congo added Glencore Plc’s giant Mutanda copper and cobalt operation to a list of projects that could face renegotiation, just as the key battery metals mine is in the process of restarting.

Glencore to supply cobalt to GM in multi-year deal

Mining News Pro - Miner and commodities trader Glencore has inked a multi-year agreement with General Motors to provide the automaker with cobalt from its Murrin Murrin operation in Australia.

Cobalt powerhouse doubles down on nickel

Mining News Pro - Specialty metals refiner Umicore SA is enjoying record profits as battery materials boom, but the company is racing to avert a slowdown in sales as its cobalt-heavy chemicals fall out of favor with carmakers.

THE EV BOOM IS BEING FUELED BY UNDERPAID, UNDERFED COBALT MINERS

Mining News Pro - Workers at a Tesla supplier say they can’t get enough food or water on the job

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