Cobalt - Copperbelt Katanga Mining

Electric cars will cost more using ethically sourced batteries

March 16, 2021March 16, 2021 admin

The European Union’s efforts to ethically source a key battery metal face headwinds that could make it more expensive for automakers to go electric. Cobalt is the battery metal at the highest risk of being exploited in ways that damage the health of people and the environment. Most of the world’s supply comes from the Democratic Republic of Congo, with as much as a third of that supplied by small-scale miners who often work in dangerous conditions. Regulators have begun developing rules designed to help industry avoid damaging its reputation. But those “ambitious requirements… Read More Here

Cobalt Mining in DRC

China’s Wanbao Mining produces first cobalt hydroxide in Congo

March 15, 2021March 15, 2021 admin

China’s Wanbao Mining said on Monday it had produced the first batch of cobalt hydroxide – a chemical used in batteries for electric vehicles (EVs) – from its Pumpi mine in the Democratic Republic of Congo (DRC) on March 12. Wanbao, a subsidiary of state-owned Chinese military supplier Norinco, said the Pumpi copper-cobalt project in Kolwezi has now been fully commissioned following the production of the first copper cathodes six months ago. Prices for cobalt CBD0 have gained some 65% so far in 2021, hitting two-year highs of around $53,000 a tonne… Read More Here

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Spike in electric vehicle sales drives cobalt price hike

March 15, 2021March 15, 2021 admin

Demand and prices for battery material cobalt are soaring as electric vehicles stream out of showrooms in China and Europe, with little prospect of a significant reversal as drivers and governments move to cut carbon emissions, reports Reuters. Payables – a reference to the percentage of the cobalt metal price used to price hydroxide, a feedstock for electric vehicle (EV) batteries – are up at around 93-94% from about 63-69% a year ago, analysts from Benchmark Mineral Intelligence said. “Primarily the price rise has been driven by real demand, largely… Read More Here

Mining in DRC Cobalt Economy

CNPAV calls on DRC President to investigate the numerous contracts awarded to Dan Gertler following US decision

March 11, 2021March 15, 2021 admin

The synergy of the NGOs “Congo is not for sale” (CNPAV) welcomes the decision of the Biden administration to revoke the license against the Israeli businessman, Dan Gertler, and to fully reimpose the sanctions against him and its companies for corruption. “We welcome the US government’s decision to revoke the license against businessman Dan Gertler to fully reimpose sanctions against him and his companies for corruption. This decision by the Biden administration brings renewed energy to our anti-corruption efforts in the Congo. All those who have courageously raised their voices to denounce… Read More Here

Cobalt Mining in DRC

DRC: 85,855.6 tonnes of cobalt exported in 2020 by the mining industry

March 3, 2021March 3, 2021 admin

Mining operators in the Democratic Republic of Congo exported 85,855.6 tonnes of cobalt at the end of 2020 against 77,964 tonnes in 2019, an annual production increase of 10.12% according to data from the Ministry of Mines. Since January 2021, the DRC has exported an average per week that varies between 4,500 and 7,400 tonnes of cobalt in the form of hydroxides, reports the same source. The price of cobalt fell from 32,000 USD / tonne in the first week of January 2021 to 52,000 USD / tonne on February… Read More Here

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Battery demand to maintain elevated cobalt prices – report

March 2, 2021March 2, 2021 admin

This year, Fitch Solutions expects a rebound in auto production, coupled with the accelerating EV uptake to keep cobalt prices on an uptrend. These sectors will serve as the primary battery end-market for cobalt chemicals such as cobalt hydroxide, the industry analyst says in its latest report. Battery metals have risen to the forefront of attention in 2021, as major economies continue to embark on green recoveries from the covid-19 pandemic. Cobalt, in both its metallurgical and chemical forms plays an important role in this increasing transition to greener energy infrastructure and… Read More Here

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Copperbelt mineral exports dry up after hike in cross-border tolls

February 26, 2021February 26, 2021 admin

Several haulage companies have stopped exporting minerals mined in the DRC and are restricting themselves to transport operations within the country, claiming that tolls imposed when crossing into Zambia are prohibitively high. Motorists driving from Johannesburg to Durban will pay R272 each way, when the new toll fees come into effect. Those using the N1 from Johannesburg to Cape Town will spend R197 at the four toll gates, while motorists travelling from Pretoria to Polokwane will pay R184 at the four toll gates. Sanral allocates money to provinces and municipalities… Read More Here

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DRC’s presidential chief adviser, Ablavi Michel visits the new mineral trading center of Musompo, Lualaba

February 22, 2021February 22, 2021 arnbethnic

The Principal Adviser to the Head of State in charge of mines and energies, Me Eboma Ablavi Michel visited this Saturday, February 20, 2021 the new mineral trading center in Musompo near Kolwezi, capital of the province of Lualaba. Accompanied by the Vice-Governor and Acting Governor Ms. Fifi Masuka Saini, Me Eboma Ablavi Michel visited various compartments including: the laboratory, the depots, the parking lot for large trucks and the bascule bridge. He congratulated the work carried out by the Provincial Executive. The provincial authority then took its distinguished guest to… Read More Here

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Battery metals are critical over the next decade, Roskill says

February 19, 2021February 19, 2021 admin

The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt – critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries. According to Deloitte’s Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Analysts from Roskill, a commodity research firm and a leader in critical materials supply chains, provide an outlook on battery metals’ markets over the next decade. Lithium Global demand for… Read More Here

Cobalt Mine Safety Mining in DRC

Roskill: a more sustainable cobalt supply chain will require huge improvements to the safety and security of ASM workers

February 12, 2021February 12, 2021 admin

The Democratic Republic of Congo (DRC) is expected to be the source for approximately 69% of mined cobalt in 2020—i.e., a significant quantity of the world’s supply originates from areas ranking poorly in terms of corruption and working conditions, notes critical materials supply chain intelligence company Roskill. Cobalt producers within the DRC, as well as refiners, have been the subject of numerous allegations relating to illegal mining practises, a lack of supply chain oversight and governmental corruption. With demand for EVs and energy storage set to increase significantly over the next decade,… Read More Here