Tag : cobalt

Sherritt lowers nickel, cobalt output expectations

1 November 2019 - 17:56
Nickel and cobalt producer Sherritt reduced its 2019 production guidance from its Cuba-based joint venture because of operating setbacks in the third quarter.

South Korea's January-September EV exports surge

21 October 2019 - 17:32
South Korean exports of electric vehicles (EVs) during January-September rose by 144pc from a year earlier to 49,160 units, supporting increased demand for cobalt and other key battery materials.

China’s CATL becomes Pilbara Minerals’ knight in shiny armour

4 September 2019 - 19:20
China’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.

Junior financing evaporates as cobalt, lithium prices slump

29 August 2019 - 18:16
In the second quarter this year, cobalt and lithium prices dropped to the lowest point in more than two years, driven by short-term oversupply which is taking longer than anticipated to correct.

Chinese-owned nickel plant spills waste into Papua New Guinea bay

28 August 2019 - 22:34
Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday.

China Molybdenum says giant Congo copper mine is losing money

21 August 2019 - 21:31
The Chinese operator of the Democratic Republic of Congo’s largest copper producer has told employees that it’s struggling to make money as the collapse of cobalt and copper prices hits miners in the country.

Glencore could do for cobalt what it did for zinc – double the price

21 August 2019 - 21:08
The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021.

China’s Huayou pulls out of Congo cobalt mine investment after price slump

18 August 2019 - 06:59
China’s biggest cobalt refiner Zhejiang Huayou Cobalt said on Thursday its overseas unit is pulling out a deal to invest $66.3 million in a cobalt mine in the Democratic Republic of Congo (DRC) after prices of the metal slid.

Miners find out the hard way why cobalt is called the goblin

7 August 2019 - 23:21
Cobalt, a semi-rare metal that derives its name from the German word for goblin, was given its moniker by medieval miners who frequently came across its noxious ores in their hunt for silver and gold. After a 50% drop in prices this year, it’s turned toxic for Glencore Plc too.

Cobalt, nickel, other battery metals face supply crunch by 2020s — WoodMac

24 July 2019 - 22:54
Growing global demand for batteries that power electric vehicles (EVs) and high tech devices is set to cause a supply crunch of lithium, cobalt and nickel by mid-2020s, global consultancy Wood Mackenzie predicts.
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