Cobalt - Copperbelt Katanga Mining

DRC: for Adolphe Muzito, the cobalt mine agreement with China was an “injustice”, the country got nothing

March 7, 2022March 7, 2022 admin

The former Prime Minister and Executive of the Lamuka Coalition, Adolphe Muzito, spoke about the contract signed between the Congolese government and Sicomines. For him, the Congolese feel aggrieved by the mega-mineral infrastructure deals involving cobalt – a key component of electric vehicle batteries through Sicomines’ $6 billion deal with Chinese companies, and the alleged under-reporting by China Moly of reserves at the giant Tenke mine. Indeed, while a good part of the world’s countries use the Democratic Republic of Congo to electrify their cars thanks to the supply of… Read More Here

Cobalt Mining in DRC

African Energy Metals to acquire Whiskey Cobalt Mining’s stake in Manono project

March 4, 2022March 4, 2022 admin

TSX-V-listed African Energy Metals has acquired Whiskey Cobalt Mining’s (WCM’s) interest in the Manono tin, tantalum and lithium project, in the prolific Manono area in the Tanganyika province of south-east Democratic Republic of Congo. The disposal by WCM of the project, comprising an exploitation permit covering about 30 km2, will involve WCM assigning African Energy Metals an exclusive option agreement with Liberty Mining and Investments to enter both parties into a 50:50 joint venture on the project. The Manono concession is about 90 km northeast of Manono in Kiambi, and… Read More Here

Mining in DRC Cobalt Copper Gold

Market: copper at 9,825 USD per tonne, cobalt at 74,970 USD per tonne

February 16, 2022February 16, 2022 admin

On the market for the main mining export products of the DRC, for the week from February 14 to 19, 2022, the price trend is mainly upward and stable, according to projections by experts from the National Mercurial Commission. of the Ministry of Foreign Trade. Copper is trading this week at 9.825 USD per ton against 9.764 USD per ton last week, a positive price difference of 614 USD. The other mineral that is up this week is tin. It is sold this week on the international market at 43,377 USD… Read More Here

Battery Metals Cobalt International

WORLD: the sale of electric cars doubles in 2021 to reach 6.6 million pieces sold against 3 million in 2020 (IEA)

February 14, 2022February 14, 2022 admin

Data from the International Energy Agency (IEA) released at the end of January 2022 indicated that automakers sold 6.6 million electric cars in 2021 compared to 3 million the previous year, double the sale of the latter. The uptrend is set to continue into 2022 and beyond as one auto industry giant after another announces multi-year plans to go all-electric. This table reflects the start of the electric vehicle boom announced several years ago. Also, a business opportunity in the Democratic Republic of Congo (DRC) because of its potential in mining… Read More Here

Mining in DRC Cobalt Copper New Mining Projects

Trafigura to mobilize USD 600 million to complete the construction of the Mutoshi Copper and Cobalt Mine

February 13, 2022February 13, 2022 arnbethnic

Shalina Resources and its Congolese subsidiary Chemaf have signed a new partnership agreement with Trafigura under which the latter will help it raise USD 600 million to finance its copper and cobalt activities in the DRC. The funds will mainly be used to complete the construction of the Mutoshi industrial mine which is scheduled to start production in the third quarter of 2023, according to a tweet from Trafigura. Under the terms of the agreement between Trafigura and Shalina, the commodity trader will raise the funds through a syndication process with… Read More Here

Mining in DRC Cobalt International

A ton of Cobalt is trading at 75,055.19 USD on the international market (BCC)

February 12, 2022February 12, 2022 arnbethnic

The world prices of the main raw materials exported by the Democratic Republic of Congo remain at remunerative levels driven by world demand, informs the Central Bank of Congo (BCC). Illustrating the upward trend of these products in its weekly information note on the country’s economic situation, the BCC indicated that on February 3, world prices for a tonne of cobalt stood at 75,055.17. U.S. dollars. For this period, the ton of copper sells for 9875.0 US dollars on this same market. This improvement in the world prices of raw… Read More Here

Cobalt International Mining in DRC

Cobalt outlook bullish through 2022 and beyond, ERG CEO says

February 1, 2022February 1, 2022 admin

The situation in the global cobalt market is such that prices could climb to new highs through 2022 and beyond, according to the chief executive officer of diversified mining company Eurasian Resources Group (ERG). Benedikt Sobotka said that the surging price of the metal, which rose by 119% in 2021, was giving a very clear message: the market is severely short of cobalt, a key ingredient in the batteries that power electric vehicles (EVs). There were no discernible signs of any fundamental easing, he said, and prices remained on an… Read More Here

Cobalt International Mining in DRC

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