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Category: Battery Metals

DRC Explores Export Quotas to Stabilize Cobalt Prices 1 Mining in DRC Battery Metals Cobalt 

DRC Explores Export Quotas to Stabilize Cobalt Prices

Constance
The Democratic Republic of Congo, the world’s leading cobalt producer, is exploring options to boost the price of the battery metal, including the potential implementation of export quotas. This move comes as cobalt prices have plummeted by two-thirds since mid-2022 due to an oversupply situation exacerbated by excessive production from Congo, which accounts for about 75% of global cobalt supply. President Felix Tshisekedi has expressed concerns about the price slump and has tasked the government with investigating measures to ensure a fair price for cobalt. The government is now seeking… Read More Here
Eurasian Resources Group Inks MoU to Supply Cobalt to Japanese market with Mechema and Marubeni 2 Mining in DRC Battery Metals Cobalt 

Eurasian Resources Group Inks MoU to Supply Cobalt to Japanese market with Mechema and Marubeni

Constance
.The agreement with Mechema and Marubeni will explore the potential supply of cobalt hydroxide (up to 3ktCo per annum), and the production and marketing of cobalt sulfate .The potential cooperation could increase cobalt supply alternatives for Japanese market, which is showing substantial growth in demand due to global surge in EV adoption .It also supports ERG’s ambition to supply its cobalt to all key regions that will produce main portion of battery materials, one of which will be Japanese suppy chain Eurasian Resources Group (“ERG” or “The Group”), a leading… Read More Here
Electra Battery Partners with ERG for DRC's Cobalt Supply 3 Mining in Zambia Battery Metals Cobalt 

Electra Battery Partners with ERG for DRC’s Cobalt Supply

Constance
In the race for the Democratic Republic of Congo’s (DRC) rich mineral resources, valued at a staggering $24 trillion, Electra Battery Materials has taken a significant stride. Recently, the company announced a pivotal agreement with Eurasian Resources Group (ERG) for a steady supply of Congolese cobalt. Under this arrangement, ERG, based in the DRC, will deliver 3,000 tonnes of cobalt hydroxide annually from its Metalkol operation to Electra. This cobalt will be channeled to a refinery located near Toronto, starting in 2026. This strategic partnership aligns with the United States’… Read More Here
DRC Halts ERG Subcontractors at Vital Cobalt Mines Amid Ownership Concerns 4 Mining in DRC Battery Metals Cobalt 

DRC Halts ERG Subcontractors at Vital Cobalt Mines Amid Ownership Concerns

Constance
The Democratic Republic of Congo (DRC) has suspended nine subcontracting companies operating at mines managed by Eurasian Resources Group (ERG), adding to the challenges faced by the cobalt and copper producer in the country. The government announced the ban on March 14, citing non-compliance with Congolese ownership requirements. Despite a meeting with ERG representatives last week, the regulator confirmed on Tuesday that the sanctions remain in place. Miguel Kashal Katemb, director general of the Regulatory Authority for Subcontracting in the Private Sector, emphasized the need for ERG to engage subcontractors… Read More Here
Electra and Eurasian Resources Group Sign Cobalt Supply Agreement 5 International Battery Metals Cobalt Lithium Press Release 

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

Constance
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group (“ERG”, “The Group”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for the long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery. This transaction supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners. .Starting from 2026, under the three-year supply agreement, ERG will deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra’s… Read More Here
Minister Paluku Proposes DRC's Battery Industry Development Program 6 Mining in DRC Battery Metals 

Minister Paluku Proposes DRC’s Battery Industry Development Program

Constance
Minister of Industry, Julien Paluku, presented three information notes to the Council on March 15, focusing on Congo’s position in the global battery, renewable energy, and electric car value chain. The study conducted by Cabinet BICOTIM highlights socio-economic conditions favoring Congo’s battery industry growth. The study proposes leveraging Kamina’s strategic advantages, including its geographical location, existing infrastructure, proximity to metal supply sources for electric batteries, access to hydroelectric power stations, and its position along National Road number 1. This initiative aims to establish a “National Program for the Development of… Read More Here
Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast 7 Copper Battery Metals Nickel 

Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast

Constance
Ivanhoe Electric Announces Completion of Earn-In to Acquire a 60% Interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast Joint Venture Partner Sama Resources Announced a New Preliminary Economic Assessment for the Project Delivering a Pre-tax NPV8 of US$463M and a Pre-tax IRR of 28.2%, with an Estimated Initial Capital Cost of US$338M The Project has the Potential for a 16-Year Mine Life Producing a Conventional 26% Copper Concentrate and a 13% Nickel Concentrate, with Associated Platinum, Palladium and Cobalt By-Products PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE… Read More Here
Piedmont Lithium Appoints Dawne Hickton to Board of Directors 8 International Battery Metals Lithium Mining Personality 

Piedmont Lithium Appoints Dawne Hickton to Board of Directors

Constance
Piedmont Lithium, a North America-focused company listed on the ASX, announced the appointment of Dawne Hickton to its board of directors. Hickton, known for her leadership roles in aerospace, energy, and metals industries, brings extensive manufacturing expertise to further diversify the board’s executive guidance. President and CEO Keith Phillips praised Hickton’s transformative leadership and cross-industry experience, highlighting her track record in steering organizations through periods of growth. Piedmont aims to emerge as a major lithium hydroxide producer in North America by processing spodumene concentrate from its assets. These include the… Read More Here
EU grants final approval to Critical Raw Minerals Act 9 International Battery Metals 

EU grants final approval to Critical Raw Minerals Act

Constance
The EU Council has given final approval to its Critical Raw Materials Act (CRMA) as it looks to diversify away from Chinese supply chain dominance. Final approval is the last stage in the process to formally implement the act. The final text, officially adopted on Monday, identifies two lists of materials 34 critical and 17 strategic – that are crucial for the green and digital transitions, as well as the defence and space industries, the Council said in a press statement. The act, first proposed at the end of 2022… Read More Here
Western Interest Grows in Congolese Minerals as China Strengthens Ties 10 Mining in DRC Battery Metals Cobalt Lithium 

Western Interest Grows in Congolese Minerals as China Strengthens Ties

Constance
In recent years, Western nations, particularly the European Union and the United States, have shown a heightened interest in the abundant reserves of cobalt and lithium present in the Democratic Republic of Congo (DRC). Recognizing the DRC’s significance in the global energy transition, these Western powers have intensified efforts to reduce reliance on China for critical mineral supplies, leading to a strategic repositioning in the region. This renewed focus prompted the DRC to seek a renegotiation of its 2008 agreement with the Chinese Enterprise Group, aiming for more favorable terms.… Read More Here

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