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Category: Battery Metals

India Targets Critical Minerals in Zambia Amid Global Supply Concerns 1 Mining in Zambia Battery Metals Cobalt Copper New Mining Projects 

India Targets Critical Minerals in Zambia Amid Global Supply Concerns

Constance
India has deployed a team of geologists to Zambia to explore deposits of copper and cobalt, two minerals critical to its clean energy transition, according to two Indian government sources. The Zambian government has allocated 9,000 square kilometers (approximately 3,475 square miles) to India for this exploration initiative. The focus will be on cobalt—a vital component in batteries for electric vehicles and mobile phones—and copper, which is widely used in power generation, electronics, and construction. The exploration project is expected to span three years, with most of the sample analysis… Read More Here
DRC Secures Strategic Stake in Nation’s First Copper-Cobalt Refinery Project 2 Mining in DRC Battery Metals Cobalt 

DRC Secures Strategic Stake in Nation’s First Copper-Cobalt Refinery Project

Constance
The Democratic Republic of Congo (DRC) has acquired a 10% stake in Buenassa Resources SA, the company spearheading the development of the country’s first copper and cobalt refinery. The agreement was formalized on June 25 through a memorandum of understanding signed by Jean-Lucien Bussa, Minister of State Portfolio, and Eddy Kioni, CEO of Buenassa Resources. Though a minority stake, the 10% is classified as a “golden share,” granting the Congolese government veto power over strategic decisions that impact national interests. These include issues related to employment, taxation, environmental standards, local… Read More Here
Japan-DRC Partnership Launches Major Manganese Project in Kongo Central 3 Mining in DRC Battery Metals New Mining Projects 

Japan-DRC Partnership Launches Major Manganese Project in Kongo Central

Constance
Japanese firm Asia Mineral Limited has signed a memorandum of understanding (MoU) with Congolese company Kerith Resources to begin manganese mining operations in the Luozi region of Kongo Central province, Democratic Republic of Congo (DRC). The signing ceremony took place in Osaka, Japan, in the presence of DRC Prime Minister Judith Suminwa Tuluka during the DRC-Japan Economic Forum, held alongside the 2025 World Expo. The mining project targets an annual output of at least 2 million tonnes of manganese, a critical mineral used in steel production and electric battery manufacturing.… Read More Here
AVZ Minerals Resumes Arbitration Against DRC Over Manono Lithium Permit 4 Lithium Battery Metals Corporate News Mining in DRC 

AVZ Minerals Resumes Arbitration Against DRC Over Manono Lithium Permit

Constance
AVZ Minerals Limited (AVZ or the Company) has confirmed the resumption of arbitration proceedings before the International Centre for Settlement of Investment Disputes (ICSID). The proceedings were initiated by the Company’s subsidiaries—AVZ International Pty Ltd (AVZI), Green Lithium Holdings Pte Ltd (GLH), and Dathcom Mining SA (Dathcom)—against the Democratic Republic of Congo (DRC). The dispute centers on the DRC’s failure to grant a mining exploitation permit (Permis d’Exploitation or PE) to Dathcom for the area covered under Permit PR 13359 (ICSID Case No. ARB/23/20). As previously announced on 26 May… Read More Here
EU Strengthens Support for Responsible Mining and Geological Development in the DRC 5 Mining in DRC Battery Metals Cobalt Exploration 

EU Strengthens Support for Responsible Mining and Geological Development in the DRC

Constance
The European Union has unveiled new financial support for the Democratic Republic of Congo’s (DRC) mining sector, launching two key initiatives aimed at fostering responsible mineral value chains and enhancing the country’s geological data infrastructure. The first initiative involves the EU’s backing of the Cobalt for Development project. This program is being implemented by the German development agency GIZ in collaboration with the Congolese state-owned enterprise, Entreprise Générale du Cobalt. Starting with pilot sites, the project seeks to improve social and environmental conditions in the artisanal cobalt mining sector. The… Read More Here
Global Cobalt Market Jolted by Congo’s Surprise Export Ban Extension 6 Mining in DRC Battery Metals Cobalt 

Global Cobalt Market Jolted by Congo’s Surprise Export Ban Extension

Constance
Cobalt futures in China soared on Monday to levels not seen since mid-March, following the Democratic Republic of Congo’s decision to extend its ban on cobalt concentrate exports. Initially implemented in February, the ban has now been prolonged by another three months, significantly disrupting global supply. As the source of over 80% of the world’s cobalt—a key component in electric vehicle (EV) batteries—the DRC’s move is expected to remove more than 100,000 tonnes of cobalt from the global market over a seven-month span, according to industry estimates. Futures contracts for… Read More Here
DRC Extends Cobalt Export Ban Amid Global Supply Squeeze and Rising Prices 7 Mining in DRC Battery Metals Cobalt 

DRC Extends Cobalt Export Ban Amid Global Supply Squeeze and Rising Prices

Constance
The Strategic Minerals Market Regulatory and Control Authority (ARECOMS) has announced a three-month extension of the temporary suspension on cobalt exports from the Democratic Republic of Congo (DRC). The renewed measure, effective from June 21, 2025, was made public via a press release issued on Saturday, June 21. According to the ARECOMS Board of Directors, led by Patrick Mpoyi Luabeya, the decision stems from continued oversupply in the market. The suspension applies to all cobalt produced across the country—whether sourced from industrial, semi-industrial, artisanal, or small-scale mining operations. This extension… Read More Here
Celsius Exits Opuwo Cobalt Project in Namibia to Prioritize Philippine Flagship 8 International Battery Metals Cobalt 

Celsius Exits Opuwo Cobalt Project in Namibia to Prioritize Philippine Flagship

Constance
Celsius Resources is moving forward with plans to divest its 95% interest in the Opuwo Cobalt Project in Namibia, as it sharpens its strategic focus on its flagship Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project in the Philippines. The Opuwo Cobalt Project, one of the largest known cobalt deposits outside the Democratic Republic of the Congo (DRC), is owned by the Opuwo Cobalt Group, in which Celsius holds a 95% stake. In March 2025, Celsius revalued the group’s assets at approximately USD 3.02 million. As of June 30, 2024, all assets under the… Read More Here
Zimbabwe to Ban Lithium Concentrate Exports by 2027 to Boost Local Processing 9 International Battery Metals Lithium 

Zimbabwe to Ban Lithium Concentrate Exports by 2027 to Boost Local Processing

Constance
Zimbabwe will prohibit the export of lithium concentrates starting in 2027, as part of its broader effort to increase local processing of the valuable mineral, Mines Minister Winston Chitando announced on Tuesday. As Africa’s leading producer of lithium—a key component in batteries used for renewable energy technologies—Zimbabwe previously banned the export of raw lithium ore in 2022. Since then, the government has been encouraging miners to add value locally by processing more of the mineral within the country. Most lithium mining operations in Zimbabwe are operated by Chinese companies, which… Read More Here
Glencore Declares Force Majeure on Cobalt Shipments Following DRC Export Ban 10 Mining in DRC Battery Metals Cobalt Corporate News 

Glencore Declares Force Majeure on Cobalt Shipments Following DRC Export Ban

Constance
Glencore has declared force majeure on certain cobalt deliveries from the Democratic Republic of Congo (DRC), just days after the Congolese government imposed a temporary export ban on the key battery metal, according to three sources familiar with the matter who spoke to Reuters. The DRC, which produces the majority of the world’s cobalt, enacted a four-month export ban in February in a bid to ease a supply glut that had depressed prices to their lowest levels in nine years and reduced government revenue. As a result, Glencore, listed on… Read More Here

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