cobalt

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

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

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.

Global Mining: United States to invest in recycling critical minerals

Posted on January 30, 2019January 30, 2019 by Mozambique Resources Post

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.

Africa Oil & Gas: Angola’s Sonangol settles Cobalt Energy dispute with USD$350 million payment

Posted on July 3, 2018 by Mozambique Resources Post

Angola’s state energy firm Sonangol said on Friday it made a $350 million payment this month to Cobalt International Energy to settle a dispute over oil block sales.

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

Posted on June 22, 2018June 22, 2018 by Mozambique Resources Post

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.

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

Posted on April 6, 2018 by Mozambique Resources Post

(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.

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

Posted on March 21, 2018 by Mozambique Resources Post

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.

Global Mining: Electric car dreams may be dashed by 2050 on lack of cobalt, lithium supplies

Posted on March 19, 2018 by Mozambique Resources Post

Supplies of cobalt and lithium, key for making the batteries that power electric cars and mobile phones, are likely to be limited by 2050, German researchers have warned.

Africa Mining: Big miners arrive in the DRC to go over new mining code

Posted on March 16, 2018 by Mozambique Resources Post

Big miners operating in the Democratic Republic of Congo took President Joseph Kabila’s word seriously.

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

Posted on March 15, 2018 by Mozambique Resources Post

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.

Africa Mining: Cobalt Prices Get Boost After DRC’s Kabila Signs New Mining Code

Posted on March 15, 2018 by Mozambique Resources Post

Cobalt touched its highest level in almost 10 years last week after Democratic Republic of Congo (DRC) President Joseph Kabila signed a new mining code that could increase taxes and royalties for the metal.

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