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Category: Cobalt

The price of cobalt is expected to trade lower this week at USD 51,265 per tonne 1 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 2 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

admin
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 3 Cobalt Mining in DRC 

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

admin
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. 4 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 5 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
on the rise, cobalt exceeded the bar of 50,000 USD per tonne this week 6 Cobalt International 

on the rise, cobalt exceeded the bar of 50,000 USD per tonne this week

admin
After tumbling for several months on the international market cobalt is expected to surpass the USD 50,000 per tonne mark this week in the international market. According to projections by the Congolese Ministry of Foreign Trade’s National Mercurial Commission, a tonne of cobalt should trade at 51,265.00 USD this week over the period from 5 to 10 September 2022 against 49,257.00 USD the ton a week earlier, representing a price increase of around USD 2,008, representing a ratio of 4.08%. According to the same document, copper should also see a… Read More Here
The price of cobalt could rise to 49,257.00 USD per ton this week (Mercuriales) DRC 7 Mining in DRC Cobalt 

The price of cobalt could rise to 49,257.00 USD per ton this week (Mercuriales) DRC

arnbethnic
On the international market for mining products, cobalt should record a price increase this week, inform the experts of the National Commission of Mercurial of the Ministry of Foreign Trade. According to projections made by this specialized service, cobalt, which has struggled for several months, should trade at 49,257.00 USD per tonne this week against 46,949.00 USD per tonne last week. The price of cobalt is expected to register a price increase of around USD 2,308, or 4.92%. According to this document, the main mining products exported from the Democratic… Read More Here
Tenke Fungurume produced 125,387 tonnes of copper and 10,465 tonnes of cobalt in the first half of 2022 8 Mining in DRC Cobalt Copper 

Tenke Fungurume produced 125,387 tonnes of copper and 10,465 tonnes of cobalt in the first half of 2022

arnbethnic
China Molybdenum Co (CMOC) announced on Monday, August 22, 2022, its financial results for the first half of 2022, which met the objectives, according to the Chinese firm which has activities in Brazil, Australia, China and the Republic Democratic Republic of the Congo through Tenke Fungurume. As for its mining operations in Katanga, particularly in Lualaba, in the first half of 2022, Tenke Fungurume produced a volume of 125,387 tonnes of copper and 10,465 tonnes of cobalt, recording a 24.4% increase in copper production. , 49.3% for cobalt compared to… Read More Here
DRC: in the first half of 2022, copper-cobalt production is estimated at 1,144,965.75 tonnes of copper, 61,774.64 tonnes of cobalt and 6,374.73 tonnes of zinc 9 Cobalt Copper Mining in DRC Zinc 

DRC: in the first half of 2022, copper-cobalt production is estimated at 1,144,965.75 tonnes of copper, 61,774.64 tonnes of cobalt and 6,374.73 tonnes of zinc

admin
The Technical Unit for Coordination and Mining Planning (CTCPM), has published the statistical data of the copper-cobalt sector for the first half of 2022. This sector includes Copper, Cobalt, Zinc and Lead which come exclusively from Haut-Katanga and Lualaba.  CTCPM data indicates that during the period under review, production sold, including exports and local sales to other entities for processing before export amounted to: – 1,144,965.75 tons of copper against 873,938.13 tons for the 1st half of 2021, an increase of 271,027.62 tons equivalent to 31.01%; – 61,774.64 tons of… Read More Here
In the second quarter of 2022, TFM produced 62,952 tonnes of copper cathodes and 5,357 tonnes of cobalt metal- DRC 10 Cobalt Copper Mining in DRC 

In the second quarter of 2022, TFM produced 62,952 tonnes of copper cathodes and 5,357 tonnes of cobalt metal- DRC

admin
Tenke Fungurume Mining produced, during the second quarter of 2022, approximately 62,952 tons of copper cathodes and 5,357 tons of cobalt metal. The mining company based in the Democratic Republic of Congo (DRC) has indeed paid a net amount of approximately 365.55 million US dollars (USD) in taxes and other related payments to the Treasury and other services. administrative authorities of the Democratic Republic of Congo (DRC) in the first half of 2022. During the same period, TFM also funded visible impact community projects amounting to US$15.56 million. Since the… Read More Here

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