The exponential demand growth for cobalt is placing pressure on producers to increase supplies to cover the growing supply gap as electric vehicle (EV) penetration rates in auto production rise above 50% by 2030, new analysis by Bank of America Global Research has found.
News ID: 10333 Publish Date : 2021/08/31
China Molybdenum will invest $2.51 billion to double copper and cobalt production at its giant Tenke Fungurume mine (TFM) in the Democratic Republic of Congo.
News ID: 10280 Publish Date : 2021/08/09
KoBold Metals, a start-up with a team of mostly phds backed by a coalition of billionaires is on a global search for key battery metals cobalt, lithium and nickel, as well as copper, which is key to the green energy transition, using advanced mapping technology.
News ID: 10144 Publish Date : 2021/02/08
Disruptions caused by the coronavirus crisis have pushed up prices for sulphur by about 10% this year in the Democratic Republic of Congo, driving up costs of a vital ingredient for mining cobalt and copper in the African nation.
News ID: 9577 Publish Date : 2020/05/21
Nickel and cobalt producer Sherritt raised its 2020 nickel production guidance from the previous year at its Moa joint-venture in Cuba, while cobalt output expectations were unchanged.
News ID: 8318 Publish Date : 2020/01/23
European cobalt metal prices have increased since the start of the year, as the market anticipates higher demand and the electric vehicle (EV) market takes off in Europe.
News ID: 8286 Publish Date : 2020/01/10
After a volatile year, cobalt prices ended 2019 on a downward trend, but the medium-to-long term outlook remains strong, with prices expected to recover.
News ID: 8202 Publish Date : 2020/01/03
The world's first commercial electric airplane took off in Vancouver, Canada, yesterday, signifying a key step forward in the development of electric aviation.
News ID: 7905 Publish Date : 2019/12/11
Nickel and cobalt producer Sherritt reduced its 2019 production guidance from its Cuba-based joint venture because of operating setbacks in the third quarter.
News ID: 7064 Publish Date : 2019/11/01
South Korean exports of electric vehicles (EVs) during January-September rose by 144pc from a year earlier to 49,160 units, supporting increased demand for cobalt and other key battery materials.
News ID: 6800 Publish Date : 2019/10/21
China’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.
News ID: 6296 Publish Date : 2019/09/04
In the second quarter this year, cobalt and lithium prices dropped to the lowest point in more than two years, driven by short-term oversupply which is taking longer than anticipated to correct.
News ID: 6264 Publish Date : 2019/08/29
Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday.
News ID: 6217 Publish Date : 2019/08/28
The Chinese operator of the Democratic Republic of Congo’s largest copper producer has told employees that it’s struggling to make money as the collapse of cobalt and copper prices hits miners in the country.
News ID: 6078 Publish Date : 2019/08/21
The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021.
News ID: 6075 Publish Date : 2019/08/21
Cobalt , a semi-rare metal that derives its name from the German word for goblin, was given its moniker by medieval miners who frequently came across its noxious ores in their hunt for silver and gold. After a 50% drop in prices this year, it’s turned toxic for Glencore Plc too.
News ID: 5832 Publish Date : 2019/08/07
Growing global demand for batteries that power electric vehicles (EVs) and high tech devices is set to cause a supply crunch of lithium, cobalt and nickel by mid-2020s, global consultancy Wood Mackenzie predicts.
News ID: 5455 Publish Date : 2019/07/24
While the prices for key battery minerals such as lithium, cobalt, nickel, rare earth elements, graphite and copper have so far been subdued in 2019, the general excitement about the future wide adoption of electric vehicles continues to fuel activity amongst Canada’s battery mineral juniors. Here is a look at eight such companies:
News ID: 5153 Publish Date : 2019/07/14
Battery metals tracker Adamas Intelligence says electric vehicle manufacturers deployed 57% more nickel in passenger EV batteries in May this year, compared to 2018.
News ID: 5150 Publish Date : 2019/07/13
The death last month of 43 artisan miners at the Kamoto Copper Company KOV concession in the Democratic Republic of Congo has refocused attention on the human cost of producing what is a key input into electric vehicle (EV) batteries.
News ID: 5147 Publish Date : 2019/07/13