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Category: Battery Metals

KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute 1 Mining in DRC Battery Metals Lithium 

KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute

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KoBold Metals, a mining company backed by billionaires Bill Gates and Jeff Bezos, has informed the Democratic Republic of Congo’s government of its interest in developing one of the world’s largest hard rock lithium deposits. This marks the first significant offer from a major U.S. mining company to invest in the central African nation, coinciding with early discussions on a potential minerals and security partnership between the two countries. KoBold, which leverages artificial intelligence to explore materials vital for the energy transition, has proposed taking over a highly sought-after mining… Read More Here
CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output 2 Mining in DRC Battery Metals Cobalt Copper 

CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output

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China’s CMOC Group Ltd., the world’s largest cobalt producer, reported record earnings in 2024, driven by increased production, higher sales, and rising copper prices. The company’s net income surged 64% to 13.5 billion yuan ($1.9 billion), surpassing analysts’ estimates of 12.3 billion yuan. Revenue rose 14% to 213 billion yuan, also exceeding forecasts. CMOC attributed its strong performance to capacity expansions and efficiency improvements. “Mining is a cyclical industry, and accurately understanding market cycles is key to successful expansion,” the company stated in its earnings report. “At the bottom of… Read More Here
DRC Partners with Indonesia to Regulate Global Cobalt Supply 3 Mining in DRC Battery Metals Cobalt 

DRC Partners with Indonesia to Regulate Global Cobalt Supply

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The Democratic Republic of Congo (DRC) has announced a partnership with Indonesia to strengthen its control over cobalt supply on the international market. The decision, made by the Economic Situation Committee, was officially presented by Prime Minister Judith Suminwa Tuluka during the 35th Council of Ministers meeting on March 14, 2025. Following a four-month suspension of cobalt exports, the DRC—holder of 75% of the world’s cobalt reserves—is determined to manage its supply effectively. The suspension was initially imposed due to an oversupply in global markets, which led to a decline… Read More Here
DRC Seeks U.S. Security Partnership in Exchange for Critical Mineral Access 4 Mining in DRC Battery Metals Regional conflict 

DRC Seeks U.S. Security Partnership in Exchange for Critical Mineral Access

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In a March 19, 2025, interview with Fox News, Congolese President Félix Tshisekedi confirmed his government’s interest in negotiating a security partnership with the United States in return for access to the Democratic Republic of Congo’s (DRC) vast critical mineral resources. “We are looking for partnerships and have established some with several countries. We believe that the United States, given its role and influence in the world, is an important partner for us. We are happy to see that with the Trump administration, things are moving forward at a faster… Read More Here
AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC 5 Mining in DRC Battery Metals Corporate News Lithium 

AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC

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Australia’s AVZ Minerals has secured a legal victory against the Democratic Republic of Congo (DRC) and China’s Zijin Mining in a dispute over rights to the Manono lithium mine. The company is now in talks with U.S. investors to secure funding for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) has ordered DRC’s state-owned mining company, Cominiere, to pay a €39.1 million penalty for failing to comply with previous rulings preventing it from terminating its joint venture with AVZ. AVZ initially held the permit… Read More Here
DRC Seeks Exclusive Partnership with US for Critical Minerals and Security Assistance 6 Mining in DRC Battery Metals Governance Uranium 

DRC Seeks Exclusive Partnership with US for Critical Minerals and Security Assistance

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The Democratic Republic of Congo (DRC) has proposed an exclusive partnership with the United States, offering access to its vast mineral resources and infrastructure projects in exchange for security assistance amid a rebellion supported by neighboring Rwanda. In a letter to US Secretary of State Marco Rubio, Congo requested an urgent meeting between Presidents Felix Tshisekedi and Donald Trump to discuss a potential agreement that would grant American companies access to some of the world’s most valuable minerals essential for the global energy transition. “As the world’s largest supplier of… Read More Here
DRC Suspends Cobalt Exports to Control Market Price: Risks and Opportunities 7 Mining in DRC Battery Metals Cobalt 

DRC Suspends Cobalt Exports to Control Market Price: Risks and Opportunities

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On February 22, 2025, the Authority for the Regulation and Control of Strategic Mineral Substances Markets (ARECOMS) announced a four-month suspension of cobalt exports from the Democratic Republic of Congo (DRC). This decision aims to address the global oversupply of cobalt, a key metal used in electric vehicle batteries and other technologies, and to give the Congolese government and its mining partners the ability to regulate cobalt prices. However, while the measure could help stabilize prices, it also presents several risks and challenges, according to various experts. The Reason Behind… Read More Here
India Expands Critical Minerals Hunt in Zambia, DRC, and Australia 8 Mining in Zambia Battery Metals Mining in DRC 

India Expands Critical Minerals Hunt in Zambia, DRC, and Australia

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India is actively exploring critical mineral mining in Zambia, the Democratic Republic of Congo (DRC), and Australia to secure key raw materials like lithium, Mines Secretary VL Kantha Rao announced on Thursday. State-owned companies, including Coal India, NMDC, and ONGC Videsh, are involved in mineral exploration in Australia as part of India’s strategy to reduce dependence on imports, particularly for lithium—an essential component in energy transition technologies. India is still developing its lithium processing capabilities, a field currently dominated by China. Meanwhile, the Zambian government has allocated 9,000 km² for… Read More Here
DRC Weighs Cobalt Export Quotas to Stabilize Prices 9 Mining in DRC Battery Metals Cobalt 

DRC Weighs Cobalt Export Quotas to Stabilize Prices

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The Democratic Republic of Congo (DRC) is considering introducing cobalt export quotas in an effort to curb oversupply and support prices. As the world’s largest supplier of cobalt, the country is seeking to counter historically low prices caused by sluggish demand from automakers and increased copper production, which yields cobalt as a by-product. The Congolese government has discussed implementing export limits, though no final decision has been made. Earlier this week, authorities imposed a four-month export ban to address the supply glut. The ban, announced by the Authority for the… Read More Here
Trafigura Seeks Court Approval to Subpoena Wall Street Banks in Nickel Fraud Case 10 International Battery Metals Corporate News 

Trafigura Seeks Court Approval to Subpoena Wall Street Banks in Nickel Fraud Case

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Trafigura Group is seeking court approval to subpoena major Wall Street banks for information that could help the commodity trading giant trace over half a billion dollars lost in an alleged nickel fraud. The company is still pursuing the funds nearly two years after it was revealed that nearly $600 million worth of nickel, stored in containers, was actually low-value carbon steel. Trafigura is suing businessman Prateek Gupta and his affiliated companies in London for the funds. On Monday, Trafigura filed a request in a New York court to subpoena… Read More Here

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