Cobalt - Copperbelt Katanga Mining

The erosion of cobalt prices continues, the ton is trading at 72,000.00 USD as of June 15, 2022 1

The drop in cobalt prices that began in May 2022 continues until mid-June of the year on the international metals market. According to the indications of the London Metal Exchange, the ton of cobalt is trading at 72,000.00 USD as of June 15, 2022. According to industry experts, the fall in cobalt prices is the indirect consequence of the confinements in China. As of June 10, standard-grade cobalt prices, like alloy-grade cobalt prices, ranged between USD 35.80 and USD 36.50 per kilogram. Since surging around USD 40 per kilogram in… Read More Here

DRC mining industry produced 121,955 tonnes of copper and nearly 7,000 tonnes of cobalt in January 2022

June 15, 2022June 15, 2022 admin

The mining industry in the Democratic Republic of the Congo produced 121,955 tonnes of copper in January 2022 compared to 130,508 tonnes of copper in January 2021, a drop of around 8,553 tonnes, according to figures from the Central Bank contained in its Digest of statistical information of January 13, 2022. As for cobalt, 6,498 tonnes were produced in January 2022 compared to 7,383 tonnes in January 2021, a monthly production drop of around 885 tonnes from one year to the next. Recall that in 2021, the mining industry in… Read More Here

Cobalt Copper Mining in DRC

China Moly denies Congo administrator takes over its Tenke copper-cobalt mine

June 10, 2022June 10, 2022 admin

There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum said on Friday, contradicting a state mining company official who said a temporary administrator had taken control of the world’s second-largest cobalt producer. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed temporary administrator had officially taken charge amid a dispute between TFM shareholders. China Moly controls an 80% stake in the copper and cobalt mine, while Gecamines owns 20%. “There is no change in the management right of… Read More Here

Cobalt International

Between the trend price displayed on the stock market, discover the evolution of cobalt prices as of June 8, 2022

June 8, 2022June 8, 2022 admin

Cobalt prices have fallen sharply on the international market since May 2022. According to the weekly statement from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, the price of cobalt should remain stable on the international market for the period from June 6 to 11, 2022. The experts of the Commission des mercuriales project the price of a tonne of cobalt at 87,781.05 USD during the period mentioned. But following the evolution of metal prices on the stock exchange, the ton of cobalt is trading at… Read More Here

Cobalt Copper Mining in DRC Zinc

Improvement in mining products this week from June 6 to 11, 2022, copper at USD 9,442 per tonne

June 7, 2022June 7, 2022 admin

During this week from June 6 to 11, there is an upturn in the prices of the main mining export products of the Democratic Republic of the Congo on the international market, according to projections by the National Mercurial Commission of the Ministry of Trade. Copper is up this week at 9,442.80 USD per tonne against 9,401.70 USD per tonne last week, giving a positive price difference of 41.1 USD. Cobalt remains stable this week on the international market and is trading around 87,781.05 USD. Zinc is trending up this… Read More Here

Cobalt International

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