Cobalt - Copperbelt Katanga Mining

Market: Cobalt jumps to over 63,000 USD per tonne this week from December 6 to 11, 2021

December 6, 2021January 24, 2022 admin

The market for merchant mining products for export from the Democratic Republic of the Congo is improving this week from December 6 to December 11, 2021, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, which is piloted by the Minister Jean-Lucien Bussa. Cobalt remains higher and is trading this week around $ 63,145.00 per tonne versus $ 61,232.85 per tonne last week, showing a positive price differential of $ 1,912.15. Copper is also trending upward to $ 9,752.00 per tonne versus $… Read More Here

Cobalt Mining in DRC

Congo State cobalt monopoly aims to start buying in January

December 2, 2021January 21, 2022 admin

Democratic Republic of Congo’s state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world’s biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62 000 a tonne, is used in many of the batteries that power electric vehicles, sales of which are expected to soar as the world strives to cut carbon emissions. The Congo set up Entreprise Generale du Cobalt (EGC) to buy, process, and market all the artisanal… Read More Here

Copper Cobalt Mining in DRC Tin

DRC: among mining products, only tin and tantalum are up this week from November 29 to December 4, 2021

November 30, 2021November 30, 2021 admin

Export mining products from the Democratic Republic of the Congo show a downward trend this week from November 29 to December 4, 2021, according to projections by experts from the National Mercury Commission of the Ministry of Foreign Trade. Only tin is up this week at $ 39,655.00 per tonne versus $ 38,968.00 per tonne last week, showing a positive price spread of $ 687. Copper is down this week at $ 9,603.40 per tonne from $ 9,803.30 per tonne last week, a negative price spread of $ 199.9. Cobalt… Read More Here

Cobalt Battery Metals Copper Lithium Mining in DRC

We remain mobilized to support the battery industry in Africa, starting in the DRC – AfDB Boss

November 26, 2021November 26, 2021 admin

The DRC – Africa Business Forum closed on Thursday in Kinshasa. This high-level forum intends to provide solutions to improve the living conditions of Africans by developing value chains linked to the mining resources used in electric batteries (cobalt, copper, lithium, manganese, nickel, graphite). A way to take advantage of the global transition to green energy, the use of electricity in transport systems and the decarbonisation of economies “We remain mobilized with other partners to support the development of the battery industry in Africa, starting in the Democratic Republic of… Read More Here

Battery Metals Cobalt Mining in DRC

Cobalt-rich Congo tries to push into battery manufacturing

November 25, 2021November 25, 2021 admin

Democratic Republic of Congo’s government said on Wednesday it would push to develop domestic battery manufacturing capacity to add value to its exports of minerals such as cobalt and copper. Congo mines around two-thirds of the world’s cobalt, an ingredient in lithium-ion batteries, and is Africa’s leading producer of copper. Demand for the minerals is rising to power electric vehicles and electronic devices. But Congo, which ranks among the world’s least developed countries, exports its minerals for only a fraction of the final cost of the batteries, which are mostly… Read More Here

Mining in DRC Cobalt

DRC: Chino-dependence on cobalt, the need for a geostrategic rebalancing

November 24, 2021November 24, 2021 admin

The Democratic Republic of Congo is faced with the imperative to control and capitalize the Congolese Chinese dependence on the production of Cobalt. Hence the need for this country to be able to play its role of promoting the geostrategic balance of powers while privileging its interests. To achieve this, the analyst Engunda Ikala Alain recommends the development of this interministerial decree defining the conditions of access, exploitation and marketing of strategic minerals. This will allow the DRC to become, in the next ten years, (1) a major player in the global ecological… Read More Here

Cobalt International

Cobalt at 61,000 USD per tonne on the international market

November 24, 2021November 24, 2021 admin

The trend in the basic values of export mining products from the Democratic Republic of the Congo is on the rise in the week from November 22 to 27, 2021, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade expensive to Jean-Lucien Bussa. Cobalt is the leading mining product showing an upward trend. A tonne of cobalt is trading this week around $ 61,232.85 versus $ 60,024.71 per tonne last week, a positive price spread of $ 1,208.14. Copper is down this week. It is… Read More Here

Battery Metals Cobalt International Lithium

Researchers push for more accurate battery metals demand forecasts

November 15, 2021November 15, 2021 admin

Common assumptions that state that demand for battery metals will continue to increase for the foreseeable future, as they are essential for high-performance lithium-ion batteries, may be misleading, a new report by CSIRO states. According to Australia’s national science agency, unsophisticated models based on current supply levels and basic recycling rates are promoting many mischaracterizations of the real opportunities in both metal mining and recycling. In the view of the experts at CSIRO, such models ignore the dynamics of materials flows on a global scale and the expected changes in underlying technologies. “Metal… Read More Here

Cobalt Governance Mining in DRC

DRC to end Glencore export of raw cobalt

November 13, 2021November 15, 2021 admin

The Deputy Prime Minister of the Democratic Republic of Congo (DRC) has told Swiss delegates at the COP26 climate conference in Glasgow that her country will no longer accept the export of its raw materials, notably cobalt, by commodities giant Glencore. “The raw materials belong to us,” said Eve Bazaiba, who is also the DRC’s environment minister, in an interview with news platform Geneva. “They will now have to be processed locally.” Bazaiba said the DRC wanted a more equal trade partnership in raw materials with Switzerland. She transmitted this message… Read More Here

Cobalt Mining in DRC

Workers report “colonial-era” abuse at Congolese cobalt mines

November 11, 2021November 11, 2021 admin

Research at five of the biggest cobalt mines in the Democratic Republic of Congo has exposed widespread labour exploitation and workers’ rights abuses, according to a British NGO. A report from RAID (Rights and Accountability in Development), cites workers who say they are subjected to excessive working hours, degrading treatment, violence, discrimination, racism, unsafe working conditions and a disregard for basic health provision. Over 70% of the world’s cobalt, which is used in the production of lithium-ion batteries for electric vehicles and portable electronics, was mined in the DRC in… Read More Here