R/€ = 18.6408 Change: -0.0985
R/$ = 16.9761 Change: -0.0658
Au 1949.98 $/oz Change: -0.38
Pt $/oz Change:

Cobalt News

MCA calls for stable policy to boost investment

By: Esmarie Iannucci     Updated 7 hours ago The Minerals Council of Australia (MCA) has called on the federal government to implement a number of reforms in order to ‘seize a once in a generation opportunity’ to grow investment in the resources sector. In its 2023-24 pre-Budget submission, the MCA pointed out that Australia’s mining... 

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

IGO posts record earnings

By: Esmarie Iannucci     31st January 2023 Battery metals miner IGO has reported record earnings for the half-year ended December, driven by a strong December quarter. The ASX-listed miner on Tuesday announced record underlying earnings before interest, tax, depreciation and amortisation (Ebitda) of A$834-million for the half-year,... 

ICO impacted by weather and skill shortages

By: Esmarie Iannucci     30th January 2023 Dual listed Jervois Global has warned of a cost and schedule blow-out at its Idaho Cobalt Operations (ICO), in the US. The company on Monday told shareholders that while underground mine development and infrastructure construction in the three months to December had advanced well, site... 

ICO impacted by weather and skill shortages

Britishvolt’s founder says UK battery sector is ‘doomed’ unless government steps up

By: Bloomberg     27th January 2023 The UK’s battery manufacturing industry is doomed unless the government ramps up support for the sector, according to the founder of failed battery startup Britshvolt Ltd. Formerly the UK’s main hope for a homegrown supplier to the electric-vehicle industry, Britishvolt went into bankruptcy this... 

Stillwater expands Montana project’s battery metals resource 62%

By: Creamer Media Reporter      27th January 2023 Vancouver-based Stillwater Critical Minerals has reported a 62% increase in the updated mineral resource estimate for its Stillwater West platinum group element, nickel, copper, cobalt and gold project,  in Montana, US. The study showed significant increases in tonnage and contained metal at... 

Site found for critical minerals demonstration facility

By: Esmarie Iannucci     27th January 2023 The Association of Mining and Exploration Companies (Amec) has welcomed Australia’s first critical minerals demonstration facility in Townsville, after the Queensland government this week announced that a site had been secured for the demonstration facility. The A$75-million facility, to be... 

Consistent policy crucial amid uncertainty

By: Nadine James     27th January 2023 In addition to increasing socioeconomic challenges and their knock-on effects worldwide, mining entities must also contend with a looming metals deficit, says Zambia Chamber of Mines CEO and engineer Sokwani Chilembo. “It’s been well known and widely forecast, even before the escalation of the... 

An image of hands holding emeralds at the Kagem mine in Zambia
A SHINING EXAMPLE African governments must make their jurisdictions more attractive to investors

Europe wind and steel industries urge EU to diversify critical minerals list

By: Reuters     26th January 2023 The European steel and wind industries on Thursday urged the European Union to use upcoming legislation to ensure there is enough access to critical materials for green energy, including those that are not already targeted such as glass fibre. The EU is due to unveil its Critical Raw Materials... 

Metals, mining industry execs pessimistic about global growth, CRU study finds

By: Tasneem Bulbulia     24th January 2023 More than half (52%) of global commodities business intelligence company CRU’s clients in the metals and mining industries expect global gross domestic product (GDP) to grow by no more than 1% this year, according to its yearly macroeconomic survey of clients, which polled global clients from the... 

Western selects site in Utah for uranium/vanadium/cobalt plant

By: Mariaan Webb     24th January 2023 CSE-listed Western Uranium and Vanadium has acquired property Utah to build a state-of-the-art mineral processing plant to recover uranium, vanadium and cobalt. The plant will process ore mined from mines owned by Western, notably the Sunday mine complex, and ore produced by other miners. 

Rising new energy vehicle sales bode well for cobalt demand

By: Darren Parker     23rd January 2023 According to trade association the Cobalt Institute’s quarterly market update for the fourth quarter of 2022, global new energy vehicle (NEV) sales rose by 56% year-on-year to 3.5-million units, with NEV penetration reaching nearly 20% by December.  The report, which was prepared with the help of... 


New drilling may have uncovered district-scale nickel/copper resource, says Talon

By: Mariaan Webb     20th January 2023 Base metals explorer Talon Metals has intercepted new high-grade nickel/copper mineralisation outside the current resource area of the Tamarack project, which the company believes has confirmed a new “system” of high-grade nickel/copper mineralisation in the Tamarack Intrusive Complex. “While... 

Substitute will not dampen cobalt demand

By: Leah Shelene Asaram     20th January 2023 Cobalt is vital for the manufacture of lithium-ion batteries, but research shows that cobalt can result in oxygen release at high voltage, which damages the batteries. Moreover, the vast majority of the world’s cobalt reserves are in the Democratic Republic of Congo (DRC), which presents security... 

An image of cobalt
COBALT Cobalt is a key component in rechargeable batteries for electric vehicles (EVs) and mobile phones

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

US, DRC and Zambia sign MoU to strengthen EV battery value chain

By: Schalk Burger     19th January 2023 The US has signed a memorandum of understanding (MoU) with the Democratic Republic of Congo (DRC) and Zambia to strengthen electric vehicle (EV) battery value chains. Under the terms of the MoU, the US will support the commitment between the DRC and Zambia to develop jointly a supply chain for EV... 

An EV charging

Congo sees deal on $6bn China mining contract overhaul this year – FinMin

By: Reuters     19th January 2023 The Democratic Republic of Congo expects to reach an agreement on overhauling $6-billion of an infrastructure-for-minerals deal with Chinese investors this year, Finance Minister Nicolas Kazadi told Reuters in an interview. The government is in active talks with representatives of Sicomines, a... 

Transparency-boosting Battery Passport proof-of-concept launched at Davos

By: Donna Slater     18th January 2023 Multistakeholder organisation the Global Battery Alliance (GBA) launched a proof-of-concept for its Battery Passport at the World Economic Forum’s yearly meeting in Davos, Switzerland, on January 18. With the aim of establishing a sustainable battery value chain by 2030, the GBA’s Battery... 

BASF, Eramet plan $2.6bn nickel smelter in Indonesia

By: Bloomberg     18th January 2023 BASF and Eramet plan to spend as much as $2.6-billion building a nickel/cobalt refinery in Indonesia, expanding a wave of investment in the Southeast Asian nation aimed at feeding growing demand from electric vehicles (EVs). The project, known as Sonic Bay, will produce about 67 000 t of nickel... 

Kingsrose strikes deal over Norway base metals project

By: Esmarie Iannucci     18th January 2023 ASX-listed explorer Kingsrose Mining has struck a deal with Scandinavian Resource Holdings and Global Energy Metals Corporation for the staged investment into the Råna nickel/copper/cobalt project, in Norway. Under the terms of the agreement, Kingsrose could earn up to a 75% interest in the... 

New gov grants for critical mineral developments

By: Esmarie Iannucci     18th January 2023 The federal government this week released guidelines for new grants to help develop Australia’s critical minerals sector, support downstream processing, create jobs across regional Australia and support global efforts to achieve net-zero. The Critical Minerals Development Program will provide up... 

Lithium's next big risk is grand supply plans falling short

By: Bloomberg     16th January 2023 Electric-vehicle (EV) producers are hoping that an imminent wave of lithium supply will bring relief for their expansion plans after a two-year squeeze, but the battery metal’s die-hard bulls warn of more pain if producers fall short. Rampant lithium demand has caught many forecasters by... 

Lithium's next big risk is grand supply plans falling short

China’s reopening should underpin commodity demand acceleration – Barclays 

By: Martin Creamer     13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... 

Iron-ore sparkle.
Iron-ore sparkle.

Japanese delegation to visit Canada to meet with battery, mining companies

By: Reuters     13th January 2023 Japan will send a delegation to meet with Canadian battery and mining companies early this year, while Canada is planning a trade mission to Japan later in October, the leaders of both countries announced on Thursday after meeting in Ottawa. As this year's host of the Group of Seven (G7),... 

Metals prices could spike with markets so tight, Trafigura says

By: Bloomberg     12th January 2023 Geopolitical shocks could trigger a surge in metals prices because the market has never been tighter, according to Trafigura Group. “We could be pushed into extreme price levels,” Jeremy Weir, the commodity trader’s chief executive officer, said at a mining conference in Saudi Arabia. “We need... 

Trafigura CEO Jeremy Weir
Trafigura CEO Jeremy Weir

Platinum-boosting clean hydrogen projects, patents are all the rage 

By: Martin Creamer     11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... 

Clean hydrogen patent innovation is all the rage, say IEA and EPO.
Clean hydrogen patent innovation is all the rage, say IEA and EPO.

Deep-South completes soil sampling programme on Zambian copper projects

By: Darren Parker     10th January 2023 Copper resources development company Deep-South has completed the soil sampling programme on its Luanshya West and Chililabombwe projects in Zambia. The programme on the Mpongwe project – also in Zambia – was postponed to this year owing to difficult weather. 

Enable South Africa to become green hydrogen centre – ANC

By: Martin Creamer     9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... 

Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.
Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.

Nico's PFS for Wingellina proves up

By: Esmarie Iannucci     22nd December 2022 A prefeasibility study (PFS) into the Wingellina nickel/cobalt project, in Western Australia, has confirmed that it could produce sustainable green nickel and cobalt over a minimum of 42 years. ASX-listed Nico Resources on Thursday told shareholders that the project could be one of Australia’s... 

Palmer sells Qld refinery

By: Esmarie Iannucci     22nd December 2022 Mining and political personality Clive Palmer has announced the sale of the Yabulu nickel and cobalt refinery, in Townsville, for a reported A$2-billion to Swiss consortium Zero Carbon Investek. While Palmer did not directly disclose the exact sales amount, he said the sale would bring enormous... 

Global commodities market volatility to ease in 2023 after disruptive 2022 – ERG 

By: Donna Slater     20th December 2022 As a result of short-term price drivers, such as the ongoing Covid-19 lockdowns in China, monetary policy in the US and the fallout from the energy crisis caused by Russia’s invasion of Ukraine, most commodity prices sold off sharply this year – a trend that is likely to ease in 2023, says... 

ERG CEO Benedikt Sobotka
ERG CEO Benedikt Sobotka

Jubilee resolves Zambia copper concentrator issue; cites successful trial of new extractive methods  

By: Marleny Arnoldi     19th December 2022 Aim- and AltX-listed Jubilee Metals Group has completed a water infrastructure upgrade at its Roan copper concentrator, in Zambia, and continues to advance cobalt and copper production from waste at its Sable refinery, which is also located in Zambia. The Roan copper concentrator had faced... 

Jubilee CEO Leon Coetzer
Jubilee CEO Leon Coetzer

Lab confirms high-carbon sequestration potential of Nickel Creek’s Wellgreen deposit

By: Marleny Arnoldi     19th December 2022 TSX-listed Nickel Creek Platinum has announced that the Wellgreen deposit at its Nickel Shäw project, in Yukon, is capable of sequestrating about 34 400 t/y of carbon dioxide, or 2 100 t/y of carbon dioxide per million tonnes of tailings. The project is a large undeveloped nickel sulphide... 

TECH fully permitted

By: Esmarie Iannucci     15th December 2022 ASX-listed Queensland Pacific Metals (QPM) has received all of the primary approvals for the construction of its Townsville Energy Chemicals Hub (TECH) base metals project, in Queensland. The company on Thursday said it had been granted a development permit under the Planning Act and... 

EV sector needs more clarity on Biden’s energy law, LG Chem CEO says

By: Bloomberg     13th December 2022 A key supplier to the electric vehicle sector is urging the Biden administration to clarify details of a law aimed at drawing more battery manufacturing investment to the US. It’s still not clear whether certain sourcing scenarios — such as processing minerals in the US from overseas mines, or... 

Western countries forge green alliance for getting electric vehicle minerals

By: Reuters     13th December 2022 The United States and other western countries on Monday announced an alliance to produce and buy critical minerals from countries with stronger environmental and labor standards, a move that could reduce business with market leader China. Announced at the COP15 talks on biodiversity in Montreal,... 

Western countries forge green alliance for getting electric vehicle minerals

Aus joins critical minerals ESG coalition

13th December 2022 Australia has signed on to the Sustainable Critical Minerals Coalition, which is an initiative led by Canada to promote sustainable, environmentally and socially responsible mining practices for the critical minerals sector. Other signatories will include Canada, the UK, France, Germany and the... 

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