Cobalt - Copperbelt Katanga Mining

cobalt price surge to continue this year amid rising demand

January 28, 2022January 28, 2022 admin

The surge in the cobalt price, which increased by 119% in 2021, is expected to continue unabated this year, with cobalt supply increasingly unable to keep pace with demand, diversified mining major Eurasian Resources Group (ERG) CEO Benedikt Sobotka said in a statement on January 27. The global price of cobalt more than doubled last year, reaching its highest levels since 2018, he noted. “The market is severely short of the blue metal. There are no discernible signs of any fundamental easing, with prices remaining on an upward trajectory as consumers skirmish… Read More Here

Cobalt Battery Metals Lithium Nickel

Glencore, Managem partner to recover cobalt, lithium, nickel from recycled batteries

January 26, 2022January 26, 2022 admin

Diversified miners Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at Managem’s Compagnie de Tifnout Tiranimine (CTT) hydrometallurgical refinery in Morocco. Glencore and CTT intend to enter into a five-year tolling agreement for 1 200 t/y of recycled cobalt, as well as nickel hydroxide and lithium carbonate. The partnership forms part of Glencore and Managem’s commitments to support the electric vehicle industry in achieving its metals recycling targets. The partnership is conditional on a feasibility study to assess the commercial viability of… Read More Here

Aluminium Cobalt Copper Gold Iron Tin

Chart: How metals prices performed in 2021

January 25, 2022January 25, 2022 admin

How Metals Prices Performed in 2021 Looking back on what gave investors strong returns in 2021, it was the year of industrial and energy metals. As demand for industrial goods surged, so too did their material metals. But unlike energy prices which rose across the board last year, not all metals managed positive returns. This infographic looks at the year-over-year return on metals prices from January 1 to December 31 of 2021, using pricing data tracked by Tradingeconomics.com. Inflation and Raw Material Demand Spur Industrial Metals Last year saw inflation hit 30-year highs… Read More Here

Mining in DRC Cobalt

The price of a tonne of Cobalt registers a positive difference of 233 USD this week – DRC

January 23, 2022January 23, 2022 arnbethnic

The price per ton of Cobalt is expected to rise on the international mining products market during the week of January 17 to 21, 2021. If the projections of experts from the National Mercurial Commission of the Ministry of Foreign Trade show a downward trend for most mining products exported from the Democratic Republic of Congo,Cobalt is an exception this week. This strategic mineral is expected to trade at USD 69,921.00 this week against USD 69,688.00 the previous week, a positive deviation of USD 233. During the same period, Tin… Read More Here

Cobalt Copper Mining in DRC

Shalina partners with Trafigura to secure financing for DRC copper/cobalt mine

January 19, 2022January 19, 2022 admin

Dubai-headquartered copper and cobalt miner Shalina Resources and its subsidiary Chemaf have signed a financing and marketing agreement with commodity trader Trafigura. The deal will facilitate new supply of high-grade cobalt hydroxide and copper cathode at a time of growing global demand. Trafigura will syndicate about $600-million of financing to international banks, as well as market all of the cobalt hydroxide produced from the companies’ assets in the Democratic Republic of Congo (DRC). The financing will enable Shalina to complete the construction of its fully mechanised Mutoshi mine and solvent… Read More Here

Cobalt Copper Gold Mining in DRC

DRC: cobalt almost at 70,000 USD per ton on the international market

January 19, 2022January 19, 2022 admin

While the general trend is downward for the main export minerals of the Democratic Republic of Congo, cobalt continues to improve on the international market, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, which is piloting Jean-Lucien Bussa. Cobalt is trending up this week and is trading at $69,921.00 from $69,688.00 this week, a positive gap of $233. The other mineral on the rise is tin. This ore is trading this week at 40,615 USD against 39,630 USD last week, a positive price… Read More Here

Cobalt Copper Mining in DRC

Red Rock receives payment order for VUP project

January 6, 2022January 6, 2022 admin

Natural resource development company Red Rock Resources has obtained an order from the Commercial Court in Lubumbashi, in the Democratic Republic of Congo (DRC), instructing VUP SA, the company’s joint venture (JV) partner in the VUP project, to pay $2.5-million as a principal amount to Red Rock. The company’s claim for interest and damages of $11-million was heard on January 6, with a judgment expected within eight days. As announced in 2019, Red Rock, through its local subsidiary had signed a JV agreement with VUP formalising a JV over certain… Read More Here

Cobalt International Mining in DRC

Cobalt industry to get a big boost from the shift to a green economy – report

January 5, 2022January 5, 2022 admin

The global cobalt supply chain is set to remain highly geographically concentrated in the coming years — in the DRC for mine production and in China for refining — which will likely pose procurement challenges for battery manufacturers, market analyst Fitch Solutions finds in its latest industry report. Yet the global cobalt industry is set to receive a significant boost from the worldwide shift to a green economy, Fitch says, as the ferromagnetic blue metal is a key component of rechargeable batteries and valued for its stability, hardness, anti-corrosion and high-temperature resistance characteristics. Used… Read More Here

Cobalt Mining in DRC

Sunresin’s Ruashi Cobalt Extraction Project started up in DR Congo

January 5, 2022January 5, 2022 admin

On December 30, 2021, good news came from the Democratic Republic of Congo in Central Africa. The Ruashi cobalt extraction project undertaken and fully operated by Sunresin was officially put into production and successfully produced the first batch of cobalt products. From project design, skid manufacturing to construction of the plant, equipment installation, on-site and remote commissioning, Sunresin takes charge of the project in a one-stop-shop fashion. The successful commissioning of the project marks a big step for Sunresin, in the spirit of innovation, to carry out comprehensive overseas EPC projects in hydrometallurgy, by overcoming numerous difficulties at… Read More Here

Mining in DRC Cobalt

Globally, Cobalt posts a positive price differential of around $ 1,912.15 this week

December 16, 2021January 5, 2022 arnbethnic

The prices of the main export merchant mining products of the Democratic Republic of Congo on the international market register an upward trend during the period from 6 to 11 December 2021. Confirming its good positioning in this market for a few weeks, Cobalt should still register an increase on the international market, inform the projections of the experts of the National Mercurial Commission of the Ministry of Foreign Trade. During this week, Cobalt will trade around $ 63,145.00 per tonne versus $ 61,232.85 per tonne last week, yielding a… Read More Here