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Category: Cobalt

The DRC President wants to renegotiate the mining contract of Mutanda Mining, a subsidiary of Glencore 1 Copper Cobalt Mining Companies Mining in DRC 

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

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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 2 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 3 Battery Metals Cobalt Lithium Mining in DRC 

Financing of Electric Battery Project -DRC

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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 4 Cobalt Mining in DRC 

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

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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 5 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 6 Copper Cobalt International 

Uganda seeks investors to revive copper mine

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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
Glencore to supply cobalt to GM in multi-year deal 7 Cobalt International 

Glencore to supply cobalt to GM in multi-year deal

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Miner and commodities trader Glencore (LON: GLEN) has inked a multi-year agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia. The US car producer has committed to making all-electric vehicles by the end of the decade, setting the goal of having 30 new EVs models, equivalent to 1 million electric cars, in the market by 2025. “Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” chair and chief executive officer Mary Barra said… Read More Here
World: down, the price of cobalt drops to 81,579.00 USD per ton this week 8 Mining in DRC Cobalt 

World: down, the price of cobalt drops to 81,579.00 USD per ton this week

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The general trend of mining products exported from the Democratic Republic of Congo (DRC) is bearish on the international market for the week from April 11 to 16, 2022. This is reported in the press release from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, which assesses weekly the evolution of the prices of mining and agricultural products exported from the DRC. According to this press release, cobalt is expected to fall in the market to trade at 81,579.00 USD per ton this week against 82,067.00… Read More Here
Market: copper down slightly but its price remains very profitable at 10,331 USD per ton 9 Copper Cobalt Mining in DRC Zinc 

Market: copper down slightly but its price remains very profitable at 10,331 USD per ton

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The DRC’s mining export products continue to record an upturn in prices on the international market in this week from April 11 to 16, 2022, inform the projections of the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Although showing a slight drop of barely 1 US dollar, copper remains very profitable on the market. It is trading at 10,331.95 USD per ton this week against 10,332.95 USD per ton last week. Cobalt also experienced a drop this week and sold at 81,579.00 USD per ton against 82,067.00… Read More Here
World: the main mining products exported from the DRC are on the rise 10 Mining in DRC Cobalt Copper 

World: the main mining products exported from the DRC are on the rise

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The price of the main mining products exported from the Democratic Republic of Congo on the international market remains at a very significant remunerative level, indicates the Central Bank of Congo (BCC) in its weekly information note. According to the Central Bank of the Democratic Republic of Congo, this increase in the price of mining products is due to a high level of world demand, but above all to the impact of the Russian-Ukrainian conflict. Holding more than 50% of the world’s cobalt reserves, the price of which continues to… Read More Here

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