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Category: Cobalt

The price of global cobalt price should register a drop of 3,994 USD per tonne this week 1 Cobalt Mining in DRC 

The price of global cobalt price should register a drop of 3,994 USD per tonne this week

arnbethnic
Passed from 88,000 USD per ton in May 2022, the ton of cobalt should trade at 49,755.00 USD for the period from August 1 to 6, 2022, inform the experts of the National Mercuriales Commission. According to these experts, the price of cobalt should indeed go from 53,749.00 USD per ton last week to 49,755.00 USD this week, which generates a negative price difference of around 3,994 USD. during the period under analysis. Unlike last week when most of the mining products exported from the Democratic Republic of Congo (DRC)… Read More Here
DRC: gold, copper, cobalt, tin and zinc record a price drop this week on the international market 2 Cobalt Copper Gold Mining in DRC Tin Zinc 

DRC: gold, copper, cobalt, tin and zinc record a price drop this week on the international market

admin
The general trend in the prices of the main mining export products of the Democratic Republic of Congo (DRC) should be downward this week from July 25 to 30, 2022. According to the projections of the National Mercurial Commission of the Ministry of Foreign Trade, only tantalum is expected to remain stable this week in the market to trade at USD 410.00 per kilogram. Elsewhere, copper, cobalt, tin, zinc, gold and silver are all expected to fall during this week. Indications from the Ministry of Foreign Trade indicate that copper… Read More Here
DRC: 28,990 tonnes of cobalt produced by mining companies during the first 3 months of 2022 3 Cobalt Mining in DRC 

DRC: 28,990 tonnes of cobalt produced by mining companies during the first 3 months of 2022

admin
The Democratic Republic of Congo produced 28,990 tonnes of cobalt in the first three months of this year compared to 21,204 tonnes of cobalt in the same period of 2021, an increase of 7,786 tonnes of cobalt, according to data provided by the Central Bank in its compendium of statistical information. Of this production volume, Gécamines, a Congolese state company, produced 5,422 tons of cobalt during the same period. Note that the mining industry in the DRC produced a volume of 93,011 tonnes of cobalt in 2021, according to data from the… Read More Here
Cobalt falls to USD 53,749.00 per ton this week globally (Mercuriales) 4 Cobalt Mining in DRC Mining in Zambia 

Cobalt falls to USD 53,749.00 per ton this week globally (Mercuriales)

arnbethnic
The prices of the main mining products exported from the Democratic Republic of Congo recorded a downward trend on the international market during the period from July 25 to 30, 2022, inform the experts of the National Mercurial Commission of the Ministry of Foreign Trade. According to this Commission, cobalt is expected to fall to trade at 53,749.00 USD per ton this week against 59,741.00 USD last week, a negative price difference of 5,992 USD. Copper is also expected to continue its downtrend to $7,237.05 per ton from $7,576.05 per… Read More Here
prices of mining products continue to fall, copper plunges to 7.576 USD per ton 5 Copper Cobalt Mining in DRC Zinc 

prices of mining products continue to fall, copper plunges to 7.576 USD per ton

admin
The general trend in the prices of the main mining export products of the Democratic Republic of the Congo is downward this week from July 25 to 30, 2022, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Copper remains down this week and is trading at 7,237.05 USD per ton against 7,576.05 USD per ton last week, a drop of 339 USD. Cobalt is also down at 53,749.00 USD per ton against 59,741.00 USD last week, a negative price difference of 5992 USD. Zinc… Read More Here
Angola awards $333m to Trafigura consortium to improve Congo rail link 6 Copper Cobalt Mining in DRC 

Angola awards $333m to Trafigura consortium to improve Congo rail link

admin
Angola’s ministry of transport has awarded a tender to a Trafigura consortium to operate and expand rail infrastructure to speed up commodity imports from the Democratic Republic of Congo. Congo, Africa’s biggest copper producer, exports copper, cobalt, and other metals in trucks via Tanzania or South Africa, which takes several weeks because of congestion and customs delays. As part of a 30-year concession agreement, the consortium has agreed to invest $256 million in infrastructure, $73 million in rolling stock and $4.3 million in other activities, Angola’s transport ministry said, to… Read More Here
CMOC’s Congo mine suspends copper and cobalt exports 7 Cobalt Copper Mining in DRC 

CMOC’s Congo mine suspends copper and cobalt exports

admin
CMOC’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator. A CMOC spokesman did not immediately reply to a request for comment but had said on Friday that the mine, which accounted for more than 10% of worldwide cobalt output in 2021, had not issued any instructions to stop exports.  CMOC has been locked in dispute with the administrator appointed in February to run the mine for six months in response… Read More Here
As of July 12, 2022, the price of cobalt has fallen to USD 59,985.00 per tonne 8 Cobalt International 

As of July 12, 2022, the price of cobalt has fallen to USD 59,985.00 per tonne

admin
The downward trend has continued for cobalt prices on the international market since May 2022. On the London Metal Exchange, a ton of cobalt currently stands at 59,985.00 US dollars. According to specialists in the sector, this downward trend is an indirect consequence of the confinements in China. Driven by the will of the actors involved in the fight against climate change, at the beginning of the year, cobalt prices amounted to around 87,000 US dollars on the international market. Since propelling themselves around a historic high in May 2022,… Read More Here
Jubilee commissions cobalt refining circuit in Zambia 9 Cobalt Copper Mining in Zambia 

Jubilee commissions cobalt refining circuit in Zambia

admin
Jubilee Metals Group PLC, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL), is pleased to announce an update at its Zambian operations where the integration of the Sable Copper and Cobalt refinery with the newly constructed copper concentrator, Project Roan, continues as part of Jubilee’s Southern Refining Strategy. Highlights –      Cobalt refining circuit at the Sable Refinery entered the commissioning phase during June 2022 in line with original timing expectations, with first trial cobalt product produced per the expected commissioning and ramp up schedule: o  Commercial production is targeted… Read More Here
Mining products still down during this week from July 11 to 16, 2022 - DRC 10 Cobalt Copper Mining in DRC Zinc 

Mining products still down during this week from July 11 to 16, 2022 – DRC

admin
The general trend of export mining products from the Democratic Republic of Congo remains downward during this week from July 11 to 16, 2022, inform the projections of the National Mercurial Commission of the Ministry of Foreign Trade. This week, copper keeps its downward trend and is trading at 8,018.55 USD per ton against 8,442.25 USD per ton, a negative price difference of 423.7 USD. Cobalt remains stable on the market again this week at 87,781.05 USD per ton. Zinc is also down this week at 3,129.00 USD per ton… Read More Here

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