Gecamines to push for copper, cobalt trading share

Mining News Pro - Congo’s State mining group Gecamines said it will push to secure the rights to buy copper and cobalt at mines it has holdings in, as it attempts to build its own stocks and trade the metals.

Glencore’s Mutanda mine to produce less cobalt on ore depletion

Mining News Pro - Depleting ore grades of cobalt deposits at Glencore’s Mutanda mine in Congo means the miner will produce up to 15% less a year of the battery metal, three sources with knowledge of the matter said.

Managem says water at cobalt mine safe, denies report on arsenic contamination

Mining News Pro - Moroccan mining company Managem said on Wednesday an audit of its water supplies showed no irregularities after a German newspaper reported that toxic arsenic had been found in water samples taken from mines in the country.

Copper, cobalt supplies from Congo stranded by truckers’ strike

Mining News Pro - Copper and cobalt produced by companies, including Glencore and CMOC, are stranded in Kolwezi, Democratic Republic of Congo (DRC), due to a truckers strike that started in late October, four sources with direct knowledge of the matter said.

China’s state reserve expected to buy 3,100t of cobalt – sources

Mining News Pro - China’s strategic reserve organization is expected to buy 3,100 metric tons of cobalt, two people briefed on the matter said, as Beijing builds up stockpiles of the strategic material used in batteries and aerospace.

Kazakh miner ERG plans $800 million revamp of DRC copper, cobalt mine

Mining News Pro - Kazakh miner Eurasian Resources Group (ERG) plans to invest $800 million to revamp its Comide copper, cobalt mine in Democratic Republic of Congo, it said on Friday.

Congo plans new copper-cobalt smelter to serve informal miners

Mining News Pro - Democratic Republic of Congo said it’s backing plans for a new domestically owned copper-cobalt plant to help formalize artisanal mining in the country, at a time when minerals crucial to electric vehicles are moving further into the global spotlight.

Glencore stockpiled cobalt in first half to support prices

Mining News Pro - Glencore stockpiled cobalt in the first half of the year, cutting supplies to the market to support prices of the electric vehicle battery material, the London-listed miner’s CEO Gary Nagle said on Tuesday.

Trafigura’s $600 million cobalt play faces cash crunch in Congo

Mining News Pro - Trafigura Group has been forced to seek new funding for one of its flagship investments — a $600 million copper-cobalt project in the Democratic Republic of Congo — in the latest headache for the trading house’s embattled metals business.

China set to boost state cobalt reserves after tumble in prices

Mining News Pro - China is taking advantage of tumbling cobalt prices to build up its inventories of the metal used in electric-vehicle batteries and aerospace alloys.

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.

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