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Cobalt

Cobalt is a hard, lustrous, silver-grey metallic element used primarily in the production of rechargeable lithium-ion batteries, superalloys and various industrial applications. The metal is critical to the global energy transition, as it forms a key component in cathodes for electric vehicle batteries and energy storage systems. Cobalt is typically produced as a by-product of copper and nickel mining, with the Democratic Republic of Congo accounting for more than two-thirds of global mine production. Other significant producers include Russia, Australia, the Philippines and Canada. The element's unique properties—including high melting point, magnetic characteristics and resistance to corrosion—make it valuable in aerospace turbine engines, cutting tools, pigments and catalysts. Demand for cobalt has surged in recent years driven by the rapid expansion of electric vehicle manufacturing and renewable energy storage infrastructure. Supply chain concerns, including ethical sourcing and geopolitical concentration of production, have prompted efforts to diversify mining operations and develop recycling technologies. Cobalt prices are volatile, influenced by battery technology developments, mining output fluctuations and shifts in environmental and labour standards. The metal is traded on the London Metal Exchange and priced typically in US dollars per tonne. Major consumers include battery manufacturers in China, South Korea and Japan, alongside aerospace and industrial firms globally.

Cobalt News


Image of cobalt nuggets
Kwinana cobalt refinery, Australia – update
Updated 6 hours ago By: Sheila Barradas

Cobalt Blue announced a term sheet with STG Metals on October 19, 2026, for proposed cobalt metal offtake. 


Iron-ore in hand
AFC eyes iron-ore and uranium investments in Africa
16th October 2026 By: Reuters

The Africa Finance Corporation (AFC) is looking for investments in iron-ore and uranium as it seeks to expand its reach in critical minerals projects on the continent, the agency's head of mining... 


Image of periodic table symbol for nickel
Crawford nickel sulphide project, Canada – update
16th October 2026 By: Sheila Barradas

All primary approvals needed for the Stage 1 development are now in place. 


An image of a critical mineral ore
Critical minerals present new opportunities for increased manufacturing
16th October 2026

With the global race for critical minerals entering a new phase, the next opportunity will be turning resources into processing, manufacturing and long-term growth. In addition to critical mineral... 


When mining becomes strategic: are critical minerals testing investor-state arbitration?
When mining becomes strategic: are critical minerals testing investor-state arbitration?
15th October 2026

By: Daniel Wilmot -  Partner at Stewarts specialising in international commercial and investor-state arbitration As critical minerals become geopolitically strategic, resulting disputes become... 


Electra Battery Materials CEO Trent Mell
Critical minerals producer Electra Battery Materials inks commercial partnership with trader WMC
14th October 2026 By: Marleny Arnoldi

TSX-V- and Nasdaq-listed Electra Battery Materials Corporation has signed a term sheet with global commodities trader WMC Group for a five-year working capital and commercial partnership to support... 


Regional integration necessary to enable value addition from critical mineral mining across SADC
Regional integration necessary to enable value addition from critical mineral mining across SADC
13th October 2026 By: Sabrina Jardim

As demand for critical minerals continues to grow amid a global energy transition, Southern Africa’s abundance of minerals, including copper, cobalt and lithium, offers opportunities to establish... 


Atlantic Strategic Minerals' mineral sands operation
Mining investment firm Appian appoints dedicated experts to boost critical minerals portfolio
13th October 2026 By: Marleny Arnoldi

As investment adviser Appian Capital Advisory builds out its critical minerals portfolio to serve industrial and defence supply chains, the company has established a base in Washington DC, and... 


Lithium
US agency to do more equity investing in Africa, official says
9th October 2026 By: Reuters

The US International ​Development Finance Corp plans to increase direct equity investments, including in Africa and the critical minerals sector, the agency's Africa head said, as the US steps up... 


Rendering of EVelution Energy's planned cobalt facility in Arizona
EVelution progressing America's first solar-powered, commercial-scale cobalt refinery with innovative funding strategy
7th October 2026 By: Marleny Arnoldi

A US company developing America's first commercial-scale, solar-powered cobalt sulphate and cobalt metal processing facility, EVelution Energy, has garnered approval from US Citizenship and... 


DRC Mines Minister Louis Watum Kabamba
Congo launches geological survey in push to unlock mineral potential
6th October 2026 By: Reuters

Democratic Republic of Congo has launched a nationwide airborne geological mapping programme aimed at improving knowledge of its vast mineral reserves to reduce exploration risk and attract... 


Electra's cobalt refinery
Electra Battery Materials appoints Duenas GM of Ontario cobalt refinery
5th October 2026 By: Marleny Arnoldi

TSX-V- and Nasdaq-listed Electra Battery Materials Corporation has appointed as GM of its Ontario cobalt sulphate refinery Garzon Duenas, who will lead the project from ongoing construction through... 


Mining Indaba logo
Africa's greatest mineral asset isn't underground
1st October 2026

The global race for critical minerals is entering a new phase. No longer defined solely by access to mineral reserves, it is increasingly being shaped by industrial policy, geopolitical... 


Haul trucks at a DRC gold mine
Congo to audit major miners annually from 2027 as part of local content drive, regulator says
29th September 2026 By: Reuters

Democratic Republic of Congo will subject major mining companies to annual audits of subcontracting practices and compliance with local-content requirements from 2027, as authorities step up... 


USTDA deputy director Thomas Hardy and Anzana Electric Group CEO Brian Kelly
USTDA signs agreement to support reliable power for Lobito Corridor
23rd September 2026 By: Sabrina Jardim

The US Trade and Development Agency (USTDA) has signed an agreement with electric utility company Anzana Electric Group to fund a feasibility study to expand hydropower generation and upgrade... 


Molten copper
Congo plans centralised mining investment agency under US deal, sources say
22nd September 2026 By: Reuters

Democratic Republic of Congo is preparing a one-stop agency for major mining investments as part of reforms linked to its minerals partnership with the US, aiming to cut red tape and attract more... 


Stacks of copper
Zimbabwe secures funds for key commodity gateway upgrade
22nd September 2026 By: Reuters

Zimbabwe's government on Tuesday announced a funding agreement for the upgrade of the Chirundu border with Zambia, to reduce delays on a vital gateway connecting the central African copperbelt to... 


Mixtec to Showcase Advanced Agitation Solutions for Battery Minerals and Solvent Extraction at Electra Mining Africa 2026
21st September 2026

At Electra Mining Africa 2026, Mixtec will demonstrate how intelligent agitation design is helping mineral processors improve recoveries, reduce energy consumption and optimise plant performance... 


Drill core sample (copper)
Tertiary Minerals advances exploration at base metals prospect in Zambia
18th September 2026 By: Lumkile Nkomfe

Aim-listed mineral exploration and development company Tertiary Minerals has outlined a higher-grade, shallow silver/copper/zinc mineralised zone at its Target A1 prospect at the Mushima North... 


Black mass material
Electra Battery Materials demonstrates high nickel recoveries in refinery engineering study
17th September 2026 By: Marleny Arnoldi

TSX-V and Nasdaq-listed Electra Battery Materials Corporation has announced preliminary engineering results for the initial phase of its two-phase nickel refinery to process mine-derived feedstock... 


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pqt: 0.12s - ct: 0.171s - 275pq - 2rq
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