Kolwezi - In global markets the price of cobalt, a mineral used in batteries for high-tech products from iPhones to Tesla electric cars, has nearly tripled to $81 500 a ton in two years. But in the Democratic Republic of Congo, which produced two-thirds of the global supply of the coveted metal last year,
Cobalt miner news - Australian Mines signs off-take agreement with SK Innovation for 100% of their nickel and cobalt production from Sconi. Welcome to the February
Some companies have responded to the jump by looking for ways to secure stocks for their own supply chains. Apple is reportedly trying to procure its cobalt directly from miners. Automakers such as BMW and Volkswagen have also reportedly been taking similar steps. Demand for cobalt in vehicle battery
Power Americas Minerals (TSX-V: PAM) / (OTCQX: PWMRF) is well positioned among roughly 18 juniors exploring for Cobalt ("Co") (and associated gold/silver) in the world-class, past-producing Silver-Cobalt Mining Camp in northeastern Ontario, Canada. Although reports vary, something on the order of
LONDON, Feb 22 (Reuters) - One reason the cobalt price has gone supernova over the last year is the realisation that not only does most of the available supply come from just one country, the Democratic Republic of Congo (DRC), but a good part of it comes from artisanal mines. In the case of cobalt,
"It is an honour to be named to the TSX Venture 50 as a top performing mining company and we are thankful for the market's endorsement of our strategy. The confidence of our investors is not taken for granted and we will work tirelessly to maintain that support in the year ahead." First Cobalt is featured in a
A fall in copper or nickel prices could therefore hamper existing cobalt operations before other mines could be brought online to compensate for such a decline in production. In addition, more than half of cobalt mining production came from the Democratic Republic of Congo in 2017. The country, faced with
The Swiss firm not only has the firepower to strike deals, but is better positioned than any of its peers to capitalize on its exposure to battery minerals, particularly copper and cobalt. "We work opportunistically," Glasenberg said according to FT.com. "Right now there is no big idea on the radar screen, but
Cobalt is an essential component of batteries for smartphones and electric cars. Around 60% of it comes from just one country, DR Congo - and most of the metal is exported to China. But there are ethical concerns: Amnesty International says children and adults are mining cobalt in extremely hazardous
The appetite for electric cars is driving a boom in small-scale cobalt production in the Democratic Republic of Congo, where some mines have been found to be dangerous and employ child labor. Production from so-called artisanal mines probably rose by at least half last year, according to the estimates of
MELBOURNE (Reuters) - Shares of battery and technology metals developer Australian Mines Ltd surged on Tuesday after the company signed an off-take agreement with South Korean battery maker SK Innovation for nickel and cobalt from its flagship Sconi project. The commodity off-take agreement,
Top cobalt producer Glencore (LSE:GLEN) has joined forces with other major miners to challenge a tax reform in the Democratic Republic of Congo (DRC) before it's approved by President Joseph Kabila. Mining companies operating in the African country sent a letter to Kabila at the beginning of the month
West Perth, WA / February 20, 2018 / JMN Wire / Celsius Resources Limited (ASX: CLA) ("Celsius" or "the Company") is pleased to provide an update on metallurgical test results from its 95% owned Opuwo Cobalt Project ("Project") in Namibia. The latest results with optimized floatation parameters now show recoveries of
While gold is suffering from a lack of financing, EY said that with the growth in electronic vehicles is increasing demand for specialty metals like cobalt, and lithium. "With the buzz around new world critical minerals and battery technology, deals in lithium, copper and cobalt are expected to feature high on the
West Perth, WA / February 19, 2018 / JMN Wire / Celsius Resources Limited (ASX: CLA) ("Celsius" or "the Company") is pleased to provide an update on exploration results at its 95% owned Opuwo Cobalt Project ("Project") in Namibia. The latest results include numerous thicker than average intercepts, including 10 m
However, Kabila's government has made it clear that it now wants a greater share of the revenue from its vast reserves of cobalt, with the country producing 73,940 tonnes of the metal last year, a jump of 15.5 percent from 2016. Parliament has approved a new mining code that increases royalties five-fold to
Magnum CEO Grant Button said: "These impressive results build further on the initial results from King Edward reported last month, further identifying the exceptional copper and cobalt potential at Cloncurry East. "Our maiden drilling program has clearly demonstrated the potential to establish copper-cobalt
V: CSR, OTC: TAKRF, FRANKFURT: 4T9B) (the "Company" or "CSR") is pleased to announce that shareholders at yesterday's Annual General Meeting ("AGM") voted overwhelmingly (99.97%) in favor of the Company's proposed name change to "Canada Cobalt Works Inc.". The name change is subject to
The plan is part of a global push to safeguard the supply of critical metals and reduce the world's dependence on the Democratic Republic of Congo for cobalt. The conflict-ridden African country currently produces the vast majority of cobalt, often in small mining operations where injuries and child labor are
Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange and U.S. Pink Sheets (TSX-V: CPO, OTC