Cobalt - Copperbelt Katanga Mining

On June 1, 2022, the price of a tonne of cobalt fell to 73,630.00 USD

June 1, 2022June 1, 2022 admin1 Comment

Despite its strategic position in the ecological transition for a more sustainable world, cobalt began, several weeks ago, a gradual drop in its price on the market. As of June 1, 2022, prices posted on the London Metal Exchange (LME) indicate that cobalt is trading at USD 73,630.00 per tonne on this market. In mid-May 2022, cobalt recorded its highest market value, selling for around USD 87,000 per tonne on the international market. In a report by the Cobalt Institute published last week, it was confirmed the key role of… Read More Here

Cobalt Mining in Zambia

Mopani plans to resume cobalt production as prices rise

May 25, 2022May 25, 2022 admin

Zambia’s Mopani Copper Mines (MCM) plans to resume cobalt production that was halted more than a decade ago after international prices collapsed, an executive at state-owned ZCCM-IH said on Tuesday. Accelerating sales of electric vehicles have fuelled a scramble for nickel, cobalt and lithium, propelling prices of the battery materials to multi-year highs. Brian Musonda, chief investment officer at ZCCM-IH, Zambia’s mining investment arm, said the rising prices were a strong economic reason to restart cobalt processing. “Going into next year, Mopani will start to process concentrates for cobalt and… Read More Here

Copper Cobalt Zinc

As of May 25, 2022, a tonne of cobalt is trading at USD 74,645.00 on the international market

May 25, 2022May 25, 2022 admin

The cobalt market has not registered any significant advances for nearly a week in the international market. To date, a tonne of cobalt is trading at 74,645.00 USD on the London Stock Exchange against 74,670.00 USD for the week, representing a slight drop in price of around 25 USD. Two weeks ago, a ton of cobalt was sold at 81,485.00 USD on the international metal market. As one of the producing and exporting countries of this raw material, the Democratic Republic of Congo (DRC) keeps an eye on the development… Read More Here

Cobalt Lithium

China’s Huayou Cobalt to invest $300m in Zimbabwe lithium mine

May 24, 2022May 24, 2022 admin

China’s Zhejiang Huayou Cobalt plans to invest $300-million on rapid development of a lithium mine and processing plant at its newly acquired Arcadia project in Zimbabwe, according to company documents seen by Reuters on Tuesday. Huayou, one of the world’s biggest producers of cobalt, recently completed a $422-million purchase of the hard-rock lithium mine just outside Harare from Australia-listed Prospect Resources PSC.AX and other Zimbabwean minorities. “We intend to develop the project rapidly over the next year and invest around $300-million to develop the mine and construct a process plant with a capacity… Read More Here

Cobalt Copper Mining in DRC Zinc

copper down to USD 9,201 per ton but still maintains a profitable price level

May 24, 2022May 24, 2022 admin

The trend is downward in the prices of mining export products from the Democratic Republic of Congo during this week from May 23 to 28, 2022, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. The only product on the rise this week is tantalum which is trading at 391.25 USD per Kg against 390.00 USD per Kg last week, generating a positive price difference of 1.25 USD. Copper therefore shows a downward trend on the market this week at 9,201.70 USD per tonne against… Read More Here

Cobalt Equipment & Technology Mining technology

Anglo American starts autonomous haulage at Los Bronces copper mine in Chile

May 20, 2022May 24, 2022 admin

As part of the continuous innovation that Anglo American seeks to achieve its purpose of re-imagining mining to improve people’s lives, the first two autonomous trucks at the Los Bronces copper mine in Chile were launched today – which are converted 290 t Komatsu 930E-4 trucks. This project is part of the site’s modernisation program, which includes the start-up of five Epiroc PV351 autonomous drilling rigs and the inauguration of its Integrated Remote Operation Centre (IROC), which both happened in 2021. The event was held simultaneously at two locations: at… Read More Here

Cobalt Copper Mining in DRC Tin Zinc

copper, tin, zinc and cobalt at a rate of poor performance this week

May 18, 2022May 18, 2022 admin

The main mining products exported from the Democratic Republic of Congo should suffer a poor performance this week on the international market. According to experts from the National Mercurial Commission of the Ministry of Foreign Trade, the general trend of these products for the period from May 16 to 21 is bearish. If this National Mercurial Commission notes, however, that only cobalt should experience a price increase on this market, selling around 87,781.06 USD per tonne this week against 81,485.00 USD per tonne last week, the prices displayed on the… Read More Here

Battery Metals Cobalt International Mining in DRC

Electric vehicles surpass phones as top driver of cobalt demand

May 18, 2022May 18, 2022 admin

Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal, or 34% of the total globally. According to a report published on Tuesday by the Cobalt Institute, cellphones manufacturers consumed 26,000 tonnes of the metal used in lithium-ion batteries, while laptops and tablets accounted for 16,000 tonnes of the total demand, which reached 175,000 tonnes. The figure contrasts with the 160,000 tonnes of cobalt mined last year, highlighting one of… Read More Here

Cobalt Mining in DRC

A tonne of cobalt should trade at 87,781.05 USD this week

May 17, 2022May 17, 2022 admin

According to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, the general trend of the main mining products exported from the Democratic Republic of Congo is downward during the period from May 16 to 21, 2022. According to these projections, during the period considered, a single product should register a very significant increase in price on the international market. These include cobalt which is expected to decline from $81,485.00 per ton last week to $87,781.05 per ton this week. Indeed, this product should record a… Read More Here

Copper Cobalt Mining in Zambia

Anglo American to return to Zambia with Arc Minerals copper deal

May 12, 2022May 16, 2022 admin1 Comment

Junior exploration company Arc Minerals has entered into an agreement with a subsidiary of diversified miner Anglo American, which formalises the parties’ intention to form a joint venture (JV) with respect to Arc’s copper/cobalt project in the North-Western province of Zambia. Under the agreement, Anglo will have the right to earn a 70% interest in the JV for an aggregate investment of up to $88.5-million, including a cash consideration of up to $14.5-million, while Arc will retain the remaining 30%. “This agreement represents a major turning point for Arc and… Read More Here