You are here

Category: Cobalt

Congo mines minister seeks to cancel artisanal cobalt monopoly 1 Cobalt Artisanal mining Mining in DRC 

Congo mines minister seeks to cancel artisanal cobalt monopoly

admin
Democratic Republic of Congo Mines Minister Antoinette N’Samba Kalambayi is seeking to cancel a decree granting Entreprise Generale du Cobalt (EGC) a monopoly over artisanal cobalt produced in the country, she told Reuters on Wednesday. EGC was created to buy, process, and market artisanal cobalt by government decree in December 2019 and officially launched on March 31 last year but has yet to purchase any cobalt ore. Artisanal miners, who dig cobalt with rudimentary means, are the world’s second-largest source of the metal used in electric vehicle batteries after the Congo’s industrial… Read More Here
The demand for Cobalt could increase by 143 to 370% between 2020 and 2040 2 Cobalt International 

The demand for Cobalt could increase by 143 to 370% between 2020 and 2040

admin1 Comment
Linked to a very important economic industry, in particular that of electric cars, cobalt stands out as an essential mineral in the world economy. According to industry experts, the demand for cobalt could increase by 143 to 370% between 2020 and 2040 depending on the pace of the global energy transition. In terms of comparison, between 2000 and 2020, cobalt production increased by 320%, while copper production increased by 1,415%. Manufacturers of electric vehicle (EV) batteries (a market that has grown from virtually nothing in 2010 to producing 2.3 million… Read More Here
With the exception of tantalum, all other main DRC export minerals are trending down this week from May 2-7, 2022 3 Copper Cobalt Gold Mining in DRC Zinc 

With the exception of tantalum, all other main DRC export minerals are trending down this week from May 2-7, 2022

admin
The general trend of the main mineral export products of the Democratic Republic of the Congo is downward for the main mineral exports of the Democratic Republic of the Congo, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Only tantalum is showing an uptrend this week. It is trading on the international market at 390 USD per Kg against 386.60 USD per Kg last week, i.e. a price increase of 3.4 USD. Copper is down this week at 10,047.05 USD per tonne against 10,284.55 USD… Read More Here
A ton of cobalt rises to 81,750.00 USD as of April 29, 2022 on the international market 4 International Cobalt 

A ton of cobalt rises to 81,750.00 USD as of April 29, 2022 on the international market

admin1 Comment
After recording a slight drop of around -20 USD last week on the international market, cobalt is on the rise again and should end the last week of April 2022 on a good flight. As of April 29, 2022, a tonne of cobalt is trading at USD 81,750.00 on the international market compared to USD 81,559.00 per tonne last week, reports the London Stock Exchange. During this week, cobalt recorded a positive price gap of around 191 USD. According to experts, there are no factors that would trigger a significant… Read More Here
The DRC President wants to renegotiate the mining contract of Mutanda Mining, a subsidiary of Glencore 5 Copper Cobalt Mining Companies Mining in DRC 

The DRC President wants to renegotiate the mining contract of Mutanda Mining, a subsidiary of Glencore

admin1 Comment
The Democratic Republic of Congo has added Glencore’s subsidiary, namely Mutanda Mining (MUMI), to the ongoing process of renegotiating mining contracts. The decision to investigate Mutanda comes as President Félix Tshisekedi makes no secret of his intention to review extractive deals made under his predecessor, Joseph Kabila. Already, the Presidency of the Republic is reviewing the copper and cobalt projects of Tenke Fungurume, a company controlled by China Molybdenum Co. and China Railway Group. It is in the same context that the recent agreement concluded between the DRC and the Israeli billionaire… Read More Here
Julien Paluku invites Congolese to invest in the electric battery market valued between 8 and 10 trillion USD 6 Mining in DRC Battery Metals Cobalt 

Julien Paluku invites Congolese to invest in the electric battery market valued between 8 and 10 trillion USD

arnbethnic
The Minister of Industry, Julien Paluku, is mobilizing local investors in the electric battery production project in the Democratic Republic of Congo (DRC). On an official mission in the copper city of Lubumbashi, the Congolese Minister of Industry wants to see the Congolese be the first to take the initiative to take ownership of this vast and ambitious project launched by the Government of the Democratic Republic of Congo ( ground floor). According to him, this project aims to mobilize financial resources estimated at between 8 and 10,000 billion US… Read More Here
Financing of Electric Battery Project -DRC 7 Battery Metals Cobalt Lithium Mining in DRC 

Financing of Electric Battery Project -DRC

admin
Antoinette N’SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga. The Head of State will launch the Center of Excellence specialized in training and research in battery chemistry and technology. Indeed, the Democratic Republic of Congo (DRC) aims to become a world leader in the production of electric car batteries, this is what emerged from the statement made by Congolese officials at the opening of the “DRC AFRICA BUSINESS FORUM ” forum organized last year in Kinshasa. The Congolese authorities have, on occasion, highlighted the large deposits of lithium and… Read More Here
World: the ton of cobalt registers a negative price difference of -20 USD this week 8 Cobalt Mining in DRC 

World: the ton of cobalt registers a negative price difference of -20 USD this week

admin
The general price trend for mining products exported from the Democratic Republic of Congo (DRC) on the international market is upward for the period from April 18 to 23, 2022. On the other hand, two main mining products exported from the DRC, namely cobalt and copper, recorded a slight drop in price during this period, informs the National Commission of Mercurial Prices of the Ministry of Foreign Trade, which monitors the evolution of the prices of these products. According to this document, a ton of cobalt is expected to trade… Read More Here
Globally, the price of cobalt rose to 81,805 USD per ton on April 16, 2022 9 Cobalt International 

Globally, the price of cobalt rose to 81,805 USD per ton on April 16, 2022

arnbethnic
After recording a considerable fall at the start of the week on the international metals market, cobalt is on the rise again at the end of this week. According to indications from the London metal exchange (LME), a tonne of cobalt is trading at 81,805 USD at the end of this week against 81,579 USD per tonne at the start of the week, a positive difference of around $488. On the other hand, the projections of experts from the National Commission of Mercurial, a structure attached to the Ministry of… Read More Here
Uganda seeks investors to revive copper mine 10 Copper Cobalt International 

Uganda seeks investors to revive copper mine

admin
Uganda said on Tuesday it was inviting expressions of interest from investors to restart a vast copper mine in the country’s west that also holds significant cobalt deposits. The Kilembe mine, which sits on the foothills of the ice-capped Rwenzori mountains on the border with Democratic Republic of the Congo, is estimated by government geologists to contain about four-million tonnes of ore that is 1.98% copper and 0.17% cobalt. “We have invited companies to express their interest in partnering with the government through a mineral production sharing agreement,” Uganda’s finance and… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.