You are here

Category: Cobalt

Anglo American starts autonomous haulage at Los Bronces copper mine in Chile 1 Cobalt Equipment & Technology Mining technology 

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

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
copper, tin, zinc and cobalt at a rate of poor performance this week 2 Cobalt Copper Mining in DRC Tin Zinc 

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

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
Electric vehicles surpass phones as top driver of cobalt demand 3 Battery Metals Cobalt International Mining in DRC 

Electric vehicles surpass phones as top driver of cobalt demand

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
A tonne of cobalt should trade at 87,781.05 USD this week 4 Cobalt Mining in DRC 

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

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
Anglo American to return to Zambia with Arc Minerals copper deal 5 Copper Cobalt Mining in Zambia 

Anglo American to return to Zambia with Arc Minerals copper deal

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
African leaders talk up policy reform and regional cooperation in the mining sector 6 Economy Battery Metals Cobalt Copper Corporate social responsibility Events & Expos 

African leaders talk up policy reform and regional cooperation in the mining sector

admin
The Invest in Africa Mining Indaba heard that African leaders are waking up to the fact that the continent stands at the precipice of a generational opportunity to reinvent itself and participate in meaningful economic upliftment as the global energy transition accelerates. But to get there, several African leaders spoke of ongoing policy reforms to attract new investment and create new regional value chains to service the emerging green economy. South Africa’s president, Cyril Ramaphosa, told the Indaba audience that policy reforms were at the core of what was required… Read More Here
Congo mines minister seeks to cancel artisanal cobalt monopoly 7 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 8 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 9 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 10 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

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.