Global Industry: Ford says carmakers may need to invest in cobalt mines soon

Global Industry: Ford says carmakers may need to invest in cobalt mines soon

Carmakers may have to consider investing directly in cobalt mines to secure supply over the next three to five years, as demand for the metal used in rechargeable batteries is set to increase exponentially, Ford Motor Co. senior manager for energy storage strategy and research Ted Miller believes. Advertisements

Advertisements
Read More

Global Mining: United States to invest in recycling critical minerals

Global Mining: United States to invest in recycling critical minerals

The rise of electric vehicles is breaking economic dependence on fossil fuels but could also open up a new dependence on critical minerals – cobalt, nickel, lithium, etc. – from a small number of places such as the Democratic Republic of Congo.

Read More

Africa Mining: Cobalt explorers see Congo mine law offset by price, high grades

Junior miners exploring for cobalt in the Democratic Republic of Congo (DRC) reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed.

Read More

Africa Mining: Trafigura signs three-year cobalt deal with Congo miner

(Reuters) – Commodities trader Trafigura has signed an offtake agreement for cobalt hydroxide running to December 2020 with Shalina Resources and its subsidiary Chemaf, based in the Democratic Republic of Congo (DRC), Chemaf said in a statement on Wednesday.

Read More

Global Markets: Automakers ‘waking up too late’ as China takes control of cobalt world’s supply

The auto industry is “waking up too late” to the fact that China will hold most of the world’s supply of battery raw material cobalt, Ivan Glasenberg, CEO of top producer of the metal Glencore, said on Tuesday according to a Reuters report.

Read More

Africa Mining: Cobalt to be declared a strategic mineral in Congo

The Democratic Republic of Congo will declare cobalt and coltan, used in electric vehicle and renewable energy technology, as “strategic” minerals which will earn the country higher royalties, an advisor to the prime minister said on Wednesday.

Read More
1 2