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Category: Battery Metals

Tackling Traceability Challenges in the Congolese Cobalt Supply Chain 1 Mining in DRC Battery Metals Cobalt 

Tackling Traceability Challenges in the Congolese Cobalt Supply Chain

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The Congolese mining sector has long grappled with mineral traceability issues, particularly within its cobalt supply chain. In April 2024, the NGO Ressource Matters published a study titled “Study the Risks in Your Cobalt Supply Chain”. This research mapped over 280 entities spanning the cobalt supply chain—from miners to end consumers—highlighting the social and environmental risks associated with cobalt extraction. The study aimed to assist companies in aligning with international standards for responsible sourcing. The Complexities of Traceability Ressource Matters identifies the foremost challenge for companies using cobalt: tracing its… Read More Here
Sibanye-Stillwater Gains from U.S. Regulatory Changes on Critical Minerals 2 International Battery Metals 

Sibanye-Stillwater Gains from U.S. Regulatory Changes on Critical Minerals

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Sibanye-Stillwater has received a significant boost from the United States following the publication of final regulations that provide incentives for mining critical minerals, including palladium and platinum. These incentives are part of the Inflation Reduction Act’s (IRA) Section 45X, which now allows for a 10% ‘Advance Manufacturing Production’ credit. The previous version of the Act restricted this incentive to refiners, excluding miners, but has since been amended. “We welcome the amendments to the Section 45X regulations made by the U.S. Treasury and applaud its foresight in understanding our industry and… Read More Here
Cobalt International Battery Metals Cobalt Lithium 

African Nations Called to Invest in Beneficiation of Critical Minerals for Industrial Growth

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Africa has the potential to be a key player in the global energy transition due to its rich reserves of critical minerals like lithium and cobalt. However, maximizing this potential requires a robust strategy for building manufacturing capacity, scaling up production, and increasing exports. This perspective was shared during a panel discussion at the recent Manufacturing Indaba, highlighting how resource extraction and industrialisation offer African nations opportunities to advance along the value chain, create high-skilled jobs, and drive technological innovation. “We need to explore ways to deepen those value chains,… Read More Here
Prime Minister and Asia Minerals Limited Discuss Manganese Investment in DRC 3 Mining in DRC Battery Metals 

Prime Minister and Asia Minerals Limited Discuss Manganese Investment in DRC

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On Saturday, October 26, 2024, Prime Minister Judith Suminwa Tuluka met with a delegation from Asia Minerals Limited (AML Group), a global mining company, led by President Eric Chung. The company, specializing in manganese mining—particularly in South Africa—expressed strong interest in exploring investment opportunities within the Democratic Republic of Congo’s mining sector. Following the meeting, Eric Chung praised the productive discussions and highlighted the Congolese government’s openness and dedication to mining industry standards. He noted the positive state of relations between Japan and the DRC, which date back to the… Read More Here
Musamu Resources Calls for Manganese Processing Plant and Increased Local Participation in Zambia 4 Mining in Zambia Battery Metals 

Musamu Resources Calls for Manganese Processing Plant and Increased Local Participation in Zambia

Constance
Musamu Resources Limited Executive Chairperson, Dr. Sixtus Mulenga, has urged ZCCM-IH to consider establishing a manganese processing plant in Zambia. Speaking at the Mining and Investment Insaka in Lusaka today, Dr. Mulenga emphasized the importance of greater involvement of Zambians in the manganese mining sector. He highlighted that the development of a national steel industry could accelerate Zambia’s industrialization, with the manganese sector playing a key role. Dr. Mulenga stressed that the sector’s success relies on the inclusion of artisanal, small-scale, and large-scale miners, alongside the establishment of processing plants.… Read More Here
Patriot Lithium Expands into Zambia with 80% Stake in Katwaro Copper Project 5 Mining in Zambia Battery Metals Copper Mergers & Acquisitions Mining Projects 

Patriot Lithium Expands into Zambia with 80% Stake in Katwaro Copper Project

Constance
Battery metals explorer, Patriot Lithium, has signed a binding option agreement to acquire an 80% stake in the Katwaro Copper Project, Zambia, from Array Metals and Natural Resources. This strategic move aims to diversify the company’s asset portfolio and expand its jurisdictional presence. The Katwaro Project, located near Mumbwa, spans 400 hectares and includes a historical open-pit mine with copper-bearing meta-sediments. Under the terms of the agreement, Patriot Lithium will pay Array Metals $25,000 (A$37,172) for an exclusive 12-month option period. If Patriot exercises the option, a special purpose vehicle… Read More Here
Copper Demand Remains Strong Despite EV Sales Slowdown 6 Copper Battery Metals International 

Copper Demand Remains Strong Despite EV Sales Slowdown

Constance
The demand for metals like copper, critical for electric vehicles (EVs), remains strong despite concerns over slowing EV sales, according to Tom Mackay, head of refined metals at commodity trader IXM. However, forecasting demand remains challenging as the market is still evolving. EV sales have slowed due to several factors, including inadequate charging infrastructure and concerns over resale values. “The electric vehicle industry is still in its early stages, with many variables such as penetration rates and battery chemistries, making accurate demand forecasting difficult,” Mackay explained. Despite the slowdown, EV… Read More Here
First Africa Metals Confirms High-Grade Lithium at Misika Project in Zambia 7 Mining in Zambia Battery Metals Lithium New Mining Projects 

First Africa Metals Confirms High-Grade Lithium at Misika Project in Zambia

Constance
UK-based mining exploration company First Africa Metals has reported that rock chip sampling has confirmed exceptionally high-grade lithium-bearing pegmatites at its Misika project in Zambia’s Southern Province. Independent laboratory analysis of the rock chip samples, along with X-ray diffraction (XRD) data, reveals that outcropping pegmatites from existing shallow artisanal open pits contain spodumene, montebrasite, pollucite, and lepidolite. The highest-grade lithium-bearing samples (>7% lithium oxide) consist primarily of montebrasite, a lithium ore noted for its low impurity levels. The Misika pegmatite zone is currently identified as approximately 1 km wide with… Read More Here
Cobalt Prices Hit Eight-Year Low Amid Oversupply from DRC and Indonesia 8 Battery Metals Cobalt Mining in DRC 

Cobalt Prices Hit Eight-Year Low Amid Oversupply from DRC and Indonesia

Constance
The price of cobalt has reached its lowest level since January 2016, according to a daily assessment by Fastmarkets, a UK-based agency specializing in metal prices. On September 24, 2024, cobalt prices on the London Metal Exchange had dropped by 54% since early September 2022, standing at $22,382 per tonne. This significant price decline is attributed to an oversupply, primarily from the Democratic Republic of Congo (DRC) and Indonesia, the world’s top two producers of cobalt. According to the Cobalt Institute, global demand for cobalt was projected to reach 197,000… Read More Here
AVZ Minerals Asserts Legal Rights Amid Manono Lithium Permit Dispute 9 Mining in DRC Battery Metals Lithium Mining Projects 

AVZ Minerals Asserts Legal Rights Amid Manono Lithium Permit Dispute

Constance
AVZ Minerals Limited (AVZ) has raised concerns over the purported transformation of Research Permit PR15775 into an Exploitation Permit by Manono Lithium SAS, a joint venture between Jinxiang Lithium Limited (a subsidiary of Zijin Mining Group) and Congolaise D’Exploitation Miniere SA (Cominière). AVZ asserts that PR15775 overlaps the northern portion of PR13359, a permit the company claims legal rights to through its majority stake in Dathcom Mining SA. AVZ refers to provisional orders from the International Centre for Settlement Disputes (ICSID) arbitration proceedings (ICSID Case No. ARB/23/20). These orders, disclosed… Read More Here

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