Battery Metals - Copperbelt Katanga Mining

Five Mineral Markets to Watch in 2024

January 10, 2024January 10, 2024 Constance

With a focus on sustainable and equitable extraction, COP28 highlighted the pivotal role of critical minerals in securing clean energy supplies and transition value chains. In line with these advancements – which sees global demand more than doubling by 2030 – mineral-rich African countries are strengthening their regulatory frameworks and introducing new incentives to attract mining-focused investments. The second edition of the Critical Minerals Africa summit – slated for October 2024 – will showcase these markets and their role in global supply-demand dynamics over the next decade. Below are the top five… Read More Here

Battery Metals International Press Release

UMK announces reduction in Manganese production

January 2, 2024January 2, 2024 Constance

Johannesburg: United Manganese of Kalahari (UMK) announced today that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being. “Softened demand side conditions have informed our decision to ease production and sales,” said UMK chief executive Malcolm Curror. He added that the company will return to normalised outputs when the market recovers. Curror noted that the temporary slowdown in production and sales will have no impact on the company’s employee body. … Read More Here

Mining in DRC Battery Metals Cobalt Copper

price of cobalt falls to 28,579 USD per tonne at the end of December 2023 in DRC

December 28, 2023December 28, 2023 Constance

Despite its essential role in the automobile industry, particularly in the manufacture of electric batteries, the price of cobalt has continued to plummet on international markets for almost a year.During the week from December 25 to 30, 2023, the price of cobalt is expected to fall by 8.70% or USD 28,579 per tonne this week compared to USD 31,302 per tonne a week previously. Apart from cobalt, tantalum is also expected to see a slight drop in price this week to USD 212.40 from USD 213.00, a drop of 0.28%… Read More Here

Battery Metals Cobalt Copper Lithium

Top 5 Investments Made in Africa’s Critical Minerals in 2023

December 27, 2023December 27, 2023 Constance

The surge in global interest in critical minerals, essential for sustainable energy technologies and electric vehicles, has unleashed a wave of investments across Africa, home to 30% of the world’s mineral reserves. This year witnessed an influx of deals, cooperative agreements, and strategic investments aimed at fortifying the continent’s role in the global critical mineral supply chain. Here are the top five transformative investments that reshaped Africa’s critical mineral landscape in 2023. 1.Japan and UK Forge Joint Investments in African Critical Minerals Announced in September, Japan and the UK unveiled… Read More Here

Mining in Zambia Battery Metals

Zambia’s Mineral Development Strategy Aims for Green Energy Opportunities

December 22, 2023December 22, 2023 Constance

Zambia’s Ministry of Mines and Minerals Development is charting a new course to capitalize on global shifts toward electric batteries and green energy. Spearheaded by Permanent Secretary Hapenga Kabeta, the ministry has crafted a visionary draft of a critical minerals strategy aimed at seizing emerging opportunities in the electric battery and sustainable energy sectors. Kabeta emphasized that the ministry is actively engaging stakeholders to refine and enhance the strategy, seeking their valuable input to shape a robust plan aligned with Zambia’s mineral potential. Central to this strategy is the government’s… Read More Here

International Battery Metals

Angola’s electric vehicle fleet grows 100% in 2024

December 17, 2023December 17, 2023 Constance

The Angolan fleet of electric cars grows 100 percent, from two thousand cars this year to four thousand in 2024, according to projections by the executive president of CVE Angola, a company that, a week ago, on Saturday, 9, opened, in Luanda, the first charging point for electromotorized vehicles. Adilson Matoso, in a discussion with Jornal de Angola, shared insights from his market study aimed at launching charging points in Angola. According to his findings, after the influx of two thousand Chinese vehicles, an additional two thousand are expected from… Read More Here

Opinion Battery Metals International

How Can Africa Benefit from its Critical Minerals? (By NJ Ayuk)

December 17, 2023December 17, 2023 arnbethnic

Africa holds more than half of the world’s reserves of cobalt, 46% of its manganese, and 21% of its graphite, all used in EV batteries, and about a quarter of its bauxite, which is required for solar photovoltaic technologies To meet their green agendas, the European Union, United States, and China are engaged in the modern-day equivalent of a gold rush. This time, though, fortune seekers aren’t panning for shiny nuggets in Canada, America, or Australia. Instead, all eyes are on the critical minerals of Africa — cobalt, graphite, lithium,… Read More Here

Mining in DRC Battery Metals

DRC Battery Council Charts Ambitious Path to Battery Value Chain Integration

December 17, 2023December 17, 2023 Constance

The Congolese Battery Council (CCB) unveiled its year-long vision at Kinshasa’s Hilton Hotel on December 11, 2023, following its formation in December 2022. This significant event gathered industry experts, government officials, and investors to outline the council’s mission. Established with a purpose to attract investments, foster innovation, and develop technology for processing strategic minerals, the CCB is dedicated to supporting the electric battery industry. By ensuring a consistent supply of raw materials to battery manufacturers, the council aims to align with President Félix-Antoine Tshisekedi’s vision for local integration of battery… Read More Here

Lithium Battery Metals Mining in DRC Mining in Zambia

Billionaires’ Backed KoBold Metals on Global Hunt for Lithium

December 15, 2023December 15, 2023 Constance

KoBold Metals, with endorsements from figures like Bill Gates and Jeff Bezos, ventures across four continents in pursuit of lithium reserves. The California-based startup, employing AI-driven exploration methods, expands its search for this vital metal—integral to electric vehicles and cutting-edge technology. CEO Kurt House revealed KoBold’s endeavor to uncover lithium in South Korea, Canada (Quebec), the United States, Australia, and Africa. The company, previously focused on nickel and copper, now adds lithium to its mining interests following successful explorations in Canada and Zambia. “By harnessing the insights from our lithium… Read More Here

Mining in DRC Battery Metals Cobalt

China increases cobalt production in DRC

December 10, 2023December 10, 2023 Constance

Chinese mining firms have significantly boosted cobalt production in the Democratic Republic of the Congo (DRC) in a bid to expand their market share, intensifying the strain on a commodity facing a sharp price decline. Cobalt, a crucial component in electric vehicle (EV) batteries, is often combined with nickel to enhance the energy density of lithium-ion batteries. Yet, to address environmental and geopolitical concerns, some EV manufacturers like Tesla Inc. (NASDAQ:TSLA) have shifted from Nickel Manganese Cobalt (NMC) batteries to Lithium Iron Phosphate (LFP) batteries, minimizing their reliance on cobalt.… Read More Here