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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

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

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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

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Glencore’s 2020 output hit by Congo mine closure, sticks to targets

February 3, 2021February 3, 2021 admin

Zinc output rose 9% to 1.17 million tonnes while ferrochrome production was 28% lower at 1 million tonnes. Glencore said on Wednesday its copper and cobalt production fell in 2020 after the Mutanda mine closure in Democratic Republic of Congo but said the ramp up of another mine in the African country was progressing well. The London-listed company, which also mines coal, nickel, silver, lead, gold and zinc, stuck to all of its production targets for 2021, after trimming coal guidance last year. The mining and trading firm said copper… Read More Here

Cobalt International Mining in DRC

Glencore inks “ethical cobalt” deal with FREYR

February 1, 2021February 1, 2021 admin

Miner and commodities trader Glencore (LON: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes. The cobalt, which will be produced at the Swiss company’s Nikkleverk facility in Norway, will be a core component in FREYR’s lithium-ion battery (LIB) cells to be produced at planned facilities in the town of Mo i Rana. The supply agreement builds on a memorandum of understanding (MOU) the companies signed in December, covering joint research and development projects. That document outlined combined steps towards… Read More Here

Cobalt Mining in DRC

China Molybdenum raises annual cobalt output target by 18%

January 29, 2021February 1, 2021 admin

China Molybdenum, operator of the giant Tenke Fungurume mine in the Democratic Republic of Congo, on Friday said it was targeting production of 16,500-20,100 tonnes of cobalt in 2021. That is an increase of about 18% on the 14,000-17,000 tonnes targeted in 2020. Prices for battery metal cobalt on the London Metal Exchange are up 28.9% so far this year on Chinese stockpiling and concerns of supply disruption. China Moly also said in filing to Shanghai Stock Exchange that it is targeting copper production of 187,300-228,900 tonnes in 2021, up… Read More Here

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China imports less cobalt feedstock in 2020

January 25, 2021January 25, 2021 admin

Chinese imports of cobalt intermediate products and concentrates declined in 2020 following a shortage in supplies from uncertainty in main production hubs outside of China during the Covid-19 pandemic. China imported 295,472t of cobalt intermediates produced through the hydrometallurgy process in 2020, down by 1.5pc on the year, according to customs data. December imports were 30,444t, down by 14.9pc from a year earlier. Imports of cobalt concentrate totalled 52,938t last year, down by 41.8pc from 2019, with December shipments up by 22.2pc on the year to 3,220t. Covid-19 lockdowns reduced… Read More Here