Cobalt - Copperbelt Katanga Mining

DRC’s Wealth of Mineral Resources Garners Worldwide Attention

August 25, 2023August 25, 2023 Constance

As the African continent gains prominence as a vital source of raw materials for the world, the Democratic Republic of the Congo (DRC) emerges as a key player in this evolving landscape. Despite its current status as one of the world’s poorest nations, the DRC holds substantial economic promise, with its rich resource base and strategic significance. Spanning as the second largest African nation, the DRC boasts abundant natural resources, including oil, coal, diamonds, cobalt, zinc, silver, and rare metals like tungsten. Impressively, the republic commands a 70% share in… Read More Here

Trafigura metal executive Grenfell exits as unit pressure grows

August 25, 2023August 25, 2023 Constance

Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits. Simon Grenfell is leaving Trafigura after just over three and a half years in the role, according to his LinkedIn profile. The company has appointed Matthew Hadfield as its new global head of business development for metals, said a person familiar with the matter, who asked not to be identified as the information is private. Trafigura’s metals business,… Read More Here

Mining in DRC Cobalt Copper

DRC Aims to Regain Control with Bid for ERG’s Copper and Cobalt Assets

August 25, 2023August 25, 2023 Constance

The Democratic Republic of Congo (DRC) wants to buy back some of the country’s prized copper and cobalt deposits, as the government tries to gain more control of crucial green metals. The assets are some of those owned by Eurasian Resources Group, a Kazakh-backed miner and major cobalt producer with dozens of DRC mining and exploration permits. The government and state-owned miner Gecamines say ERG has been too slow to develop them — and Gecamines in June told ERG it wants to take some over, according to a July letter seen by Bloomberg that was sent… Read More Here

Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Partnership

Insights from U.S.-DRC-Zambia EV Battery Deal on New U.S. Africa Approach

August 25, 2023August 25, 2023 Constance

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals? In December 2022, at a sideline event during the U.S.-Africa Leaders Summit in Washington, the United States signed a trilateral memorandum of understanding (MOU) with the Democratic Republic of the Congo (DRC) and Zambia for the development of an integrated value chain for the production of electric vehicles (EV) batteries. This… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Economy Lithium

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

August 23, 2023August 23, 2023 Constance

In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here

Copper Cobalt Mining in DRC

DRC Expects Copper Price to Decline This Week

August 16, 2023August 16, 2023 Constance

The general trend of mining products exported from the Democratic Republic of Congo (DRC) on international markets is bearish during the period from August 14 to 19, 2023. According to the National Mercurial Commission of the Ministry of Foreign Trade, the copper price should continue in its downward curve this week to trade at 8,417.15 USD per tonne against 8,613.75 USD per tonne a week earlier. According to the projections made by the experts of the Ministry of Foreign Trade, copper should lose 196.6 USD of its market value during… Read More Here

Cobalt Mining in DRC

Glencore CEO Reveals Strategy to Bolster Cobalt Prices and Address Market Challenges

August 11, 2023August 11, 2023 Constance

Glencore, a leading cobalt producer, has undertaken measures to stabilize cobalt prices and address market dynamics, according to the company’s CEO, Gary Nagle. The CEO shared insights into the firm’s strategy, indicating that it stockpiled cobalt during the first half of the year to support prices for this vital material used in electric vehicle batteries and aerospace applications. Nagle noted that Glencore, which holds the position of the world’s largest cobalt producer, is actively considering additional strategies. These include potential reductions in production and further accumulation of cobalt stockpiles, which… Read More Here

Mining in DRC Cobalt Copper Gold Zinc

DRC’s Mining Exports Drop on Global Markets

August 11, 2023August 11, 2023 Constance

The general trend of the main mining products exported from the Democratic Republic of Congo on international markets is downward during the period from August 7 to 12, 2023. According to projections by the National Commission of Mercurials of the Ministry of Foreign Trade, products such as tin, gold and tantalum should experience a drop in price this week. Tin is expected to trade at $28,671 per ton versus $28,820 per ton last week, down $148. As for gold, its price should be around 63.48 USD per gram this week… Read More Here

Mining in DRC Cobalt Copper

Copper Holds at $8,613/Ton This Week (Aug 7-12, 2023) in DRC

August 8, 2023August 8, 2023 Constance

The main mining export products of the Democratic Republic of Congo are showing a downward trend on the international market, according to the projections of the National Mercurial Commission of the Ministry of Foreign Trade. Copper is up this week at 8613 USD per tonne against 8504 USD per tonne last week, an increase of 109 USD. Zinc ore is also up this week at 2519 USD per ton against 2404 USD per ton the previous week, giving a positive price difference of 114 USD. However, tin is trending down… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Energy Partnership

UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership

August 6, 2023August 6, 2023 Constance

The British Government has agreed a partnership with Zambia covering clean energy and critical mineral supply worth more than $3.7bn (£2.91bn). Under the clean energy and green investment partnership, the UK will aim to generate $3.1bn of private sector investment for the Zambian mining and renewable energy industries. A further $600m of funding will come in the form of UK Government-backed investments. Approximately 70% of Zambia’s export earnings come from mining. In 2022, Zambia was the world’s eighth-largest copper producer, and second in Africa. In the same year, it was also the world’s 13th-largest… Read More Here