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Category: Cobalt

Jinchuan Probe Flags Suspected Financial Misconduct at Congo Mining Unit 1 Mining in DRC Cobalt Copper Corporate News 

Jinchuan Probe Flags Suspected Financial Misconduct at Congo Mining Unit

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Jinchuan Investigates Alleged $145 Million Irregular Payments at DRC’s Copper-Cobalt Mine Jinchuan Group International Resources Co says an independent investigation has identified approximately $145 million in suspected irregular payments linked to its copper and cobalt operations in the Democratic Republic of Congo. The investigation focused on Ruashi Mine, where the company said former local employees may have exploited weak procurement and payment controls between 2019 and 2024 through questionable supplier transactions, cash payments, and disputed invoices. In a filing released late Friday, Jinchuan said investigators reviewed financial transactions during a… Read More Here
Copper and Tin Rally While Cobalt and Nickel Decline in Latest Global Mining Price Update 2 Copper Battery Metals Cobalt Nickel 

Copper and Tin Rally While Cobalt and Nickel Decline in Latest Global Mining Price Update

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Global Mining Prices: Copper and Tin Rise as Cobalt, Nickel and Germanium Fall (May 18–23, 2026) International mining commodity price lists for the period of May 18 to May 23, 2026, show mixed movements across key metals, with strong gains in copper and tin, moderate increases in gold and aluminum, and declines in cobalt, nickel, and germanium. Metals posting gains Copper recorded one of the strongest increases, rising from $13,024.25 to $13,681.93 per ton, reflecting sustained demand in industrial and energy transition sectors. Tin also posted a significant gain, climbing… Read More Here
MMG Calls for Clarity on DRC’s Cobalt Export Quotas After Receiving Low Allocation 3 Mining in DRC Battery Metals Cobalt Economy 

MMG Calls for Clarity on DRC’s Cobalt Export Quotas After Receiving Low Allocation

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MMG Seeks Policy Transparency as Congo Tightens Control Over Cobalt Exports China’s MMG Limited is seeking greater clarity on the Democratic Republic of Congo’s cobalt export policy after receiving what it described as a disappointing production quota, raising broader concerns about how the country’s new restrictions are being implemented. The Democratic Republic of Congo (DRC), the world’s leading producer of cobalt  a critical mineral used in electric vehicle batteries first suspended cobalt exports in February 2025 to reduce global oversupply and increase the value derived from its mineral resources. In… Read More Here
Illegal Mining Pressure Intensifies in DRC as ERG Reports Major Losses and Security Failures 4 Mining in DRC Cobalt Copper 

Illegal Mining Pressure Intensifies in DRC as ERG Reports Major Losses and Security Failures

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ERG accuses organized illegal mining networks of costing up to $2bn annually in DRC copper and cobalt concessions Pressure is escalating across mining concessions in southeastern Democratic Republic of Congo (DRC), where Eurasian Resources Group (ERG) alleges that large-scale illegal mining networks are operating across several of its copper and cobalt sites in Lualaba and Haut-Katanga provinces. According to an internal report cited by industry sources, ERG’s subsidiaries including Comide, Swanmines, and Boss Mining estimate annual losses approaching $2 billion due to repeated incursions by artisanal and semi-organised miners into… Read More Here
EGC, EVelution Energy and Trafigura Sign MoU to Secure Congolese Cobalt Supply Chain to the US 5 Mining in DRC Battery Metals Cobalt Corporate News 

EGC, EVelution Energy and Trafigura Sign MoU to Secure Congolese Cobalt Supply Chain to the US

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Trafigura, EGC and EVelution Energy agree cobalt supply deal to boost US battery and defense material supply chain Entreprise Générale du Cobalt (EGC), EVelution Energy, and commodity trader Trafigura have signed a memorandum of understanding (MoU) to establish a long-term supply framework for Congolese cobalt hydroxide exports to the United States. Under the proposed arrangement, and subject to definitive agreements, the partnership is expected to support EVelution Energy in supplying up to around 40% of projected US cobalt demand, according to Trafigura. The cobalt hydroxide would be sourced by EGC… Read More Here
Middle East Conflict Threatens DRC Copper and Cobalt Sector Amid Sulfuric Acid Shortage 6 Mining in DRC Cobalt Economy 

Middle East Conflict Threatens DRC Copper and Cobalt Sector Amid Sulfuric Acid Shortage

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China’s Sulfuric Acid Export Suspension Threatens DRC Copper Production Amid Global Supply Crunch The Democratic Republic of Congo’s (DRC) copper and cobalt sector is facing growing pressure following China’s decision to suspend sulfuric acid exports amid escalating tensions in the Middle East, a move that is tightening global supply chains and raising production costs across the mining industry. According to an analysis by Goldman Sachs cited by Jeune Afrique, the DRC could lose up to 125,000 tonnes of copper production in 2026 if logistical disruptions and supply shortages persist. Copper… Read More Here
Ivanhoe Mines Posts Q1 Loss After Kamoa-Kakula Tax Hit Despite Strong Copper Expansion Push 7 Mining in DRC Cobalt Copper Corporate News Taxes 

Ivanhoe Mines Posts Q1 Loss After Kamoa-Kakula Tax Hit Despite Strong Copper Expansion Push

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Ivanhoe Mines Reports Q1 2026 Loss Amid Kamoa-Kakula Tax Settlement and Expands Copper Growth Strategy Ivanhoe Mines, a Canadian mining company, reported a net loss of $2-million and a total comprehensive loss of $35 million for the quarter ended March 31, 2026. This marks a sharp reversal from the same period in 2025, when the company recorded a profit of $122-million and total comprehensive income of $128 million. The company attributed the decline mainly to its share of losses from the Kamoa Holding joint venture in the Democratic Republic of… Read More Here
DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets 8 Mining in DRC Cobalt Copper Economy Gold Tin 

DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets

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DRC Mineral Prices Show Upward Trend: Gold, Copper, Tin and Germanium Rise While Cobalt Holds Steady Market data for mineral products exported from the Democratic Republic of Congo (DRC) for the period April 27 to May 2, 2026 shows an overall upward trend on international markets, driven by gains in several strategic metals. Precious and industrial metals recorded notable increases. Gold rose from $153.87 to $155.28 per gram, while copper increased from $12,836.10 to $13,177.50 per ton. Aluminum ingots also posted gains, climbing from $1,690.63 to $1,718.98 per ton. Other… Read More Here
DRC Copper and Cobalt Miners Hit by Chemical Supply Disruptions Amid Global Shipping Crisis 9 Mining in DRC Cobalt Copper 

DRC Copper and Cobalt Miners Hit by Chemical Supply Disruptions Amid Global Shipping Crisis

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DRC copper and cobalt producers face sulfuric acid and SMBS shortages as shipping disruptions and rising logistics costs strain supply chains Copper and cobalt producers in the Democratic Republic of Congo (DRC) are facing cancelled and withdrawn deliveries of key processing chemicals, forcing some miners to reduce consumption and consider production cuts as global supply chain disruptions intensify. The DRC, the world’s largest cobalt producer and Africa’s leading copper supplier, plays a critical role in global supply chains for electric vehicles and the energy transition. However, its mining sector depends… Read More Here
Ivanhoe Mines Sees Strong Local Demand for Sulphuric Acid in DRC Amid Global Supply Tightness 10 Mining in DRC Cobalt Copper Corporate News 

Ivanhoe Mines Sees Strong Local Demand for Sulphuric Acid in DRC Amid Global Supply Tightness

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Ivanhoe Mines benefits from rising sulphuric acid prices in DRC copper belt as supply disruptions tighten global market Ivanhoe Mines says it has a “captive market” for sulphuric acid in the Democratic Republic of Congo (DRC), as global prices surge amid constrained supply linked to geopolitical disruptions in the Middle East. The Vancouver-based miner recently began commercial sales of sulphuric acid produced as a byproduct of copper smelting at its Kamoa-Kakula operation to other mining companies operating along the DRC’s copper belt. The acid is a key input in copper… Read More Here

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