Cobalt - Copperbelt Katanga Mining

BMW orders up $24 billion of batteries as EV demand grows

September 7, 2021September 7, 2021 admin

BMW AG has boosted orders for battery cells to keep pace with accelerating demand for electric cars that made up more than 11% of deliveries during the half of the year. The German carmaker now has contracts for more than 20 billion euros ($23.8 billion) of batteries, up from 12 billion euros previously, Chief Executive Officer Oliver Zipse said in an interview. The cells are destined for i4 sedans, iX sport utility vehicles and other models BMW is producing through 2024. The company plans to start switching to a new… Read More Here

Copper Cobalt International Zinc

Copper price expected to rise to 9,373.60 USD as of next week

September 4, 2021September 4, 2021 admin

The price of a tonne of Copper is expected to increase on the international market for the period from September 6 to 11, 2021, unlike the previous week. According to the report of the National Mercury Commission of the Ministry of Foreign Trade published on September 3, 2021, it is indicated that unlike last week, the tonne of Copper should be traded, from September 6 to 11, at 9 US $ 373.60 versus US $ 9,079.90 last week. According to this document, Copper will have for this period under analysis… Read More Here

Cobalt International

Cobalt to trade at $ 51,186.00 per tonne this week

September 2, 2021September 2, 2021 admin

The price per tonne of Cobalt is expected to fall on the international market in the first week of September 2021. In its report of August 30, 2021, the National Mercurial Commission of the Ministry of Foreign Trade informs that the main export mining products of the Democratic Republic of Congo (DRC) show a downward trend from August 30 to September 4, 2021. Cobalt is expected to drop from $ 52,205.00 to $ 51,186.00 per tonne this first week of September 2021. As a result, there is a negative price… Read More Here

Cobalt Copper Mining in DRC

More than 850,000 tonnes of copper sold in first half of 2021- DRC

September 2, 2021September 2, 2021 admin

The Democratic Republic of Congo (DRC) sold 871,956 tonnes of copper and 44,654 tonnes of cobalt in the first half of 2021, according to statistics provided by the services of the Ministry of Mines. This biannual production places the country in a position to beat its own record of 1.6 million tonnes of copper produced in 2020, thus maintaining its position as a continental leader. According to the source, copper and cobalt production for the first half of 2021 represents an increase of 10 and 15% year-on-year, respectively. So the DRC… Read More Here

Cobalt Copper Mining in DRC

Congo copper sales increase 10% in H1, cobalt up 15%

August 31, 2021August 31, 2021 admin

Copper sales in Democratic Republic of Congo rose 10% in the first half of 2021 compared to the same period last year, while cobalt sales climbed 15%, the mines ministry said on Tuesday. Exports and local sales of copper stood at 871,956 tonnes, while sales of cobalt were recorded at 44,654 tonnes, the ministry said in a report. Congo is Africa’s top copper producer and the world’s leading miner of cobalt, which is used in batteries for electric cars and electronic products. The country registered record copper production in 2020… Read More Here

Cobalt International Mining in DRC

Cobalt producers in race to cover the growing supply gap – report

August 31, 2021August 31, 2021 admin

The exponential demand growth for cobalt is placing pressure on producers to increase supplies to cover the growing supply gap as electric vehicle (EV) penetration rates in auto production rise above 50% by 2030, new analysis by Bank of America Global Research has found. The bank’s Global Commodity Research team suggests three routes to bridging the supply gap: production increases at miners and refiners; improved processing technology; and recycling. THE RISK OF COBALT SHORTFALLS COULD TURN INTO A CONSTRAINT TO EV BATTERY PRODUCTION IN THE COMING YEARS Sibanye-Stillwater (JSE: SSW), which… Read More Here

Mining in DRC Cobalt Copper Mining Companies

DRC: Gécamines-Société minière du Katanga contract, a misinterpretation fuels intoxication

August 30, 2021August 30, 2021 admin

Crazy speculation is observed on the web around a controversial interpretation of the nature of the contract between Gécamines and the Société minière du Katanga. At the heart of the media boom: the widely circulated rumor accusing Gécamines of having sold a copper and cobalt mine at a low price to the Société minière du Katanga -Somika-, for 23 years of operation. A transaction that would have been negotiated for a modest sum of 10 million US dollars. That these allegations are false, retort experts close to Gécamines. They take as proof… Read More Here

Cobalt Copper Mining in DRC

Market: copper and cobalt prices down this week from August 30 to September 4, 2021 (Mercuriales)

August 30, 2021August 30, 2021 admin

The main export mining products of the Democratic Republic of the Congo show a downward trend this week from August 30 to September 4, 2021, according to projections by the National Mercuriales Commission of the Ministry of Foreign Trade. Copper is trading at $ 9,079.90 per tonne this week from $ 9,416.50 per tonne last week, a negative price spread of $ 336.6. Same negative trend for cobalt which is trading around $ 51,186.00 per tonne this week versus $ 52,205.00 per tonne last week, leaving a negative price spread… Read More Here

Cobalt Mining in DRC

DRC: Entreprise Générale du Cobalt still not operational 4 months after its official launch

August 26, 2021August 26, 2021 admin

The Congolese government, in order to improve the conditions of artisanal miners, created the Entreprise Générale du Cobalt (EGC) by decrees 19/15 and 19/16 of November 5, 2019. EGC, as a subsidiary of Gécamines now has a monopoly on the purchase, treatment, transformation, sale and exploitation of cobalt in the Democratic Republic of the Congo. It is within this framework that EGC signed a financing agreement with the international firm Trafigura which will support the company, from the production of Cobalt to sale to end buyers. “By decreeing a monopoly… Read More Here

Copper Cobalt Mining in Zambia

Jubilee Metals surges 12% on new Zambian processing capacity

August 24, 2021August 24, 2021 admin

Mining outfit Jubilee Metals (JLP:AIM) gained 12.4% to 15.35p as it effectively secured the missing processing capacity to take it to the 25,000 tonnes per year of copper production it has been targeting in Zambia. Today’s gain takes the one-year advance for Jubilee shares to nearly 190% as it moves closer to taking full advantage of its opportunities in Zambia. In its own words, Jubilee focuses on ‘the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations’. The company has agreed a venture with Mopani Copper Mines… Read More Here