· China Molybdenum, the world's secondlargest cobalt producer by volume, plans to pump billion into its 80%owned Tenke Fungurume coppercobalt mine in the DRC by 2023, increasing cobalt ...
· CATL to acquire stake in DRC's Kisanfu coppercobalt mine in 137m deal. Battery maker Contemporary Amperex Technology (CATL) subsidiary Ningbo Brunp CATL New Energy will be acquiring a stake in the Kisanfu coppercobalt mine in the Democratic Republic of Congo (DRC) for The Kisanfu mine is estimated to hold million tonnes of cobalt.
· By Tom Daly. (Reuters) – China Molybdenum Co (CMOC) is looking to tap more hydropower projects and potentially use solar energy as it expands its production of copper and cobalt in Democratic Republic of Congo, its vice chairman said. Steele Li, who is also chief investment officer at CMOC, said the company was committed to hydropower through ...
· Cobalt and copper are key metals in that transition. ... Mutanda was responsible for a fifth of global cobalt production in 2018, according to Darton Commodities Ltd., a based firm that ...
· But let's focus on cobalt for a moment. Global demand for the brittle, bluishwhite metal has skyrocketed in recent months, exceeding 100,000 metric tons for the first time last year, according ...
· Global cobalt supply can't keep pace with surging cobalt consumption because its production is tied to copper and nickel mining rather than underlying demand, the chief executive officer of diversified mining company Eurasian Resources Group (ERG) said.
· Roskill says China's increasing control over copper and cobalt resources in the DRC could pose a threat to western market participants. ... The DRC hosts over 51% of the global cobalt reserves, ...
· The deal entails the financing of the nonferrous concentrates (specifically copper and cobalt concentrate) in approved warehouses in either Lubumbashi or Kolwezi (in the DRC) or Ndola (in Zambia). The transaction is secured by the commodity, which is used for determining the funded value based on mineral content confirmed by an inspection agent.
· Glencore's contribution to global copper supplies last year was nearly million tonnes in a market estimated at around 24 million tonnes, while for cobalt the number was 27,400 tonnes or ...
· However, aside from sedimenthosted coppercobalt deposits, the remainder of the global cobalt supply has come, and will come, from comining with nickel both from laterite and magmatic sulphide deposits similar to those used to derive the lead times in Table 2. The expected development lead times for nickel mines therefore might also apply to ...
· Naturally, the DR Congo, followed by Australia, holds a large share of the global cobalt reserves. The Copper Belt in the DR Congo and Zambia is one of .
· October 5, 2021. Janet. China Molybdenum Co (CMOC) is looking to tap more hydropower projects and potentially use solar energy as it expands its production of copper and cobalt in Democratic Republic of Congo, its vicechairperson said. Steele Li, who is also chief investment officer at CMOC, said the company was committed to hydropower ...
· Congo, the world's biggest cobalt producer, accounted for 70% of global supplies in 2019 of the metal that is used in alloys for jet engines and batteries for phones and electric cars.
· An artisanal miner carries raw ore at Tilwizembe, a former industrial coppercobalt mine, ... According to recent projections by the World Economic Forum's Global Battery Alliance, the demand ...
· A ban on exports of such metals from the DRC could put more pressure on global copper and cobalt supply. Analysts expects shortages in both markets to become evident next year. The copper industry needs to spend upwards of 100 billion to close what could be an annual supply deficit of million metric tonnes by 2030, according to estimates ...
· An interesting article in the Financial Times recently reviewed the acquisition by China Molybdenum of the Tenke coppercobalt mine in the ... a dominant position in the global chain for this ...