Cobalt - Copperbelt Katanga Mining

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

Copper Cobalt Mining in DRC Zinc

DRC: copper goes from 10,045 USD to 9,867 USD per ton this week

November 8, 2021November 8, 2021 admin

The general trend for export merchant mining products from the Democratic Republic of the Congo is down this week, from November 8 to 13, 2021, on the international market in light of projections by experts from the National Mercuriales Commission, reports a press release signed by the Minister of Foreign Trade, Jean-Lucien Bussa Tongba. Only cobalt shows an uptrend. It is trading this week at $ 55,749 per ton, this week versus $ 55,695 per ton last week, a positive price spread of $ 53. Copper is down this week to… Read More Here

Battery Metals Cobalt Copper Lithium

The commodity boom is starting to push battery prices higher

November 5, 2021November 5, 2021 admin

The world’s biggest battery market is showing the strain of surging commodity prices. Chinese manufacturer Gotion High-tech Co. sent a letter to customers in mid-October seeking to adjust battery prices, citing a jump in the cost of cathode materials and electrolyte to copper and aluminum foil. The company said it “has tried its best to reduce the cost impacts but with little effect.” Gotion’s move underscores a key hurdle the world faces in its transition to cleaner, greener energy sources. Electric-vehicle sales have soared as companies were able to make… Read More Here

Cobalt Mining in DRC

Tesla, Apple, Google, Microsoft dodge Congo cobalt class-action

November 4, 2021November 4, 2021 admin

Google parent Alphabet, Apple, Dell, Microsoft and Tesla won’t have to face a class action suit claiming the tech giants bear responsibility for the alleged use of child labour in Congo to mine cobalt, a key ingredient of batteries in electric cars and consumer electronics, a federal court in Washington ruled Tuesday. An NGO called International Rights Advocates launched the suit in December 2019, on behalf of more than a dozen families of children killed or hurt in the artisinal cobalt mines in the Congo, responsible for more than two-thirds… Read More Here

Copper Cobalt Gold

Market: This week, copper is trading at USD 10,045 per tonne, cobalt at USD 55,695 per tonne

November 2, 2021November 2, 2021 admin

The general price trend of the main mining products of the DRC is up this week on the international market, according to projections by the Commission Nationale des Mercuriales, a structure of the Ministry of Foreign Trade. Among the commodities that are on the rise is cobalt which is trading this week at $ 55,695 per tonne versus $ 55,449 per tonne last week, a positive price spread of $ 146. Tin is also trending upward at $ 38,974 per tonne this week versus $ 38,730 per tonne last week,… Read More Here