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Category: Cobalt

Critical Metals announces the resumption of production at its Molulu copper-cobalt mine in the 4th quarter of 2022-DRC 1 Copper Cobalt Mining in DRC 

Critical Metals announces the resumption of production at its Molulu copper-cobalt mine in the 4th quarter of 2022-DRC

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Critical Metals CEO Russell Fryer has announced the resumption of production in the fourth quarter of this year at the Molulu copper and cobalt mine. He made the statement, on the sidelines of the appointment, on Thursday, October 13, of Lloyd Kirtley as DRC field director for Critical Metals . “  His experience working on the ground in many countries across Africa will be invaluable in enabling us to quickly bring this former copper/cobalt asset, located in a highly prospective region, into production in the fourth quarter of 2022  ,” added on this subject Russell Fryer,… Read More Here

HAS GLENCORE GIVEN ELECTRIC VEHICLES THE EXTRA PUSH TO ENGINEER COBALT OUT OF A BATTERY?

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Is cobalt becoming its own worst enemy? Simon Moores, Managing Director, Benchmark Mineral Intelligence explores Glencore’s latest move to pull hydroxide supply from the market in the midst of contract negotiating season and what it means for cobalt’s strained relationship with cathode, battery and electric vehicle (EV) producers. On Tuesday 6 November, the wires and social media channels were lit up with a seemingly significant piece of cobalt news: Glencore had pulled 1,472 tonnes of cobalt hydroxide from the market. The basis for the world’s leading producer to act in this way… Read More Here
copper on the rise but remains below USD 8,000 per tonne 2 Copper Cobalt Mining in DRC Zinc 

copper on the rise but remains below USD 8,000 per tonne

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This week from October 10 to 15, 2022, the mineral export products of the Democratic Republic of the Congo are showing an upward trend in the majority, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper is up this week at 7,604.30 USD per tonne against 7,506.80 USD per tonne last week, an increase of around 97.7 USD. Cobalt is also up this week at 51,261 USD per ton against 51,211 USD per ton last week, giving a positive price difference of… Read More Here
Copper and cobalt prices continue to fall & Rise on the international market 3 Copper Cobalt Mining in DRC 

Copper and cobalt prices continue to fall & Rise on the international market

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The prices of commercial mining products from the Democratic Republic of Congo continue to rise and fall on the international market, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Only tin is up this week in the market and is trading at 21.483 USD per ton against 21.426 USD per ton for the week, a price difference of 57 USD. Tantalum is stable on the market this week at 380 USD per kg. All other mining export products from the DRC are down this… Read More Here
DRC: in 2019, the mining sector represented 99.3% of the country's exports and contributed 24.79% to jobs 4 Mining in DRC Cobalt Copper 

DRC: in 2019, the mining sector represented 99.3% of the country’s exports and contributed 24.79% to jobs

admin
The mining sector of the Democratic Republic of Congo (DRC) remains, to this day, the key sector of the Congolese national economy. In 2019, exports from this sector were estimated at 99.3% of the country’s total exports and contributed 24.79% in jobs in 2019, informs a report by the non-governmental organization ” Makuta ya Maendeleo” on the Mining Fund for Future Generations (FOMIN). Considered as one of the richest countries in the world in natural resources, in particular mines, the Democratic Republic of Congo (DRC) is the world’s leading producer… Read More Here
The price of cobalt is expected to trade lower this week at USD 51,265 per tonne 5 Cobalt Copper Mining in DRC Zinc 

The price of cobalt is expected to trade lower this week at USD 51,265 per tonne

admin
In addition to fears around possible supply tensions after the fire that occurred at the Nornickel site on September 14, 2022, cobalt should face a drop in prices this week on the international market. After having started the month of September 2022 well, cobalt is expected to fall this week to trade at 51,265 USD per ton against 51,267 USD per ton last week, a drop of 2 USD. According to the note from the experts of the Congolese Government’s National Commission on Market Prices, the general trend of the… Read More Here
With the exception of silver, prices for DRC mining export products are down this week from Sept 26 to 1 October 2022 6 Copper Cobalt Gold Mining in DRC Zinc 

With the exception of silver, prices for DRC mining export products are down this week from Sept 26 to 1 October 2022

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The general trend of the main mining export products of the Democratic Republic of the Congo is bearish on the international market in this week from September 26 to October 1, 2022, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Only silver ore is showing an uptrend in the market this week. It is trading around USD 0.63 per gram against USD 0.61 per gram the previous week, a price increase of USD 0.02 recorded. Copper is down this week at 7,784.90 USD per tonne… Read More Here
The DRC holds 3.6 million tonnes of cobalt, almost half of the world's reserves 7 Cobalt Mining in DRC 

The DRC holds 3.6 million tonnes of cobalt, almost half of the world’s reserves

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The DRC alone holds 3.6 million tonnes of cobalt, almost half of the world’s cobalt reserves. This potential of such a strategic mineral is a comparative advantage of Kinshasa compared to other nations in the world. The Democratic Republic of the Congo alone produces 63% of the cobalt in the world, thus becoming the world’s leading producer and exporter of the green metal. The global industry therefore mainly needs Congolese cobalt to operate at full capacity. With the prospect of increased production of electric vehicles by major manufacturers, cobalt, according to experts,… Read More Here
A tonne of Cobalt Slightly up to 51,267.00 USD this week. 8 Cobalt Mining in DRC 

A tonne of Cobalt Slightly up to 51,267.00 USD this week.

arnbethnic,
The general trend in the prices of the main mining export products of the Democratic Republic of Congo is upward for the period from August 19 to 24, 2022. This is at least what the projections of experts from the National Commission of Mercurials indicate. of the Ministry of Foreign Trade. According to this document, the price of cobalt should record a slight increase this week to sell at 51,267 USD per tonne against 51,265 USD per tonne last week, an increase of 2 USD. On the London Stock Exchange,… Read More Here
SARW recommends that the DRC and Zambia Cobalt Marketing draw inspiration from the diamond sales systems used by SADC 9 Mining in Zambia Cobalt Mining in DRC 

SARW recommends that the DRC and Zambia Cobalt Marketing draw inspiration from the diamond sales systems used by SADC

arnbethnic
The NGO Southern African Resources Wacht (SARW) has in a recently published policy brief entitled “Harmonization of lithium battery manufacturing policies in Southern Africa: collaboration between the DRC and Zambia”, recommended to the Democratic Republic of Congo and Zambia to draw inspiration from the marketing systems used by the SADC countries, in their implementation of the joint marketing of cobalt. On the sidelines of ongoing discussions between the DRC and Zambia on a possible collaboration for the exploitation and marketing of their strategic minerals, namely cobalt and copper, the South… Read More Here

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