Auto industry biggest driver for cobalt mining
The automotive industry is the biggest driver of cobalt mining The continuing miserable mining conditions in the Democratic Republic of the Congo are casting a shadow over the otherwise clean image of electromobility. Even if there are now alternatives, cobalt will remain indispensable for electric cars in the medium term. Despite price volatility and sometimes inhumane working conditions, global mining increased to 2021 tons in 175.000, according to The Cobalt Institute. Corresponding […]
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Tesla signs cobalt deal with Glencore
Tesla's reluctant attitude towards cobalt is a warning to others. The unpredictable Elon Musk strikes again. Just as his electric vehicle company Tesla seemed to be moving away from using cobalt in its batteries, he signed a long-term supply contract for the controversial metal with Glencore. This from the man who swore to remove cobalt from the Tesla product mix [...]
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Five battery raw materials should be observed in 2020
Battery commodities should be given special attention in 2020. 2019 was a year largely marked by falling prices and disappointing performance in both the EV (electric vehicle) and consumer electronics sectors, according to research firm Wood Mackenzie on Monday. But interest in electrification shows no signs of diminishing. The value chain of a [...]
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Rio Tinto starts producing lithium in California from old mining waste.
Rio Tinto begins producing lithium in California from old mining waste. The Rio Tinto Group is starting a pilot production of lithium in California, searching old mining debris rather than exploring new locations as the battery revolution in electric cars drives demand for the material. The reprocessing of garbage dumps from a 90-year-old mining site in the [...]
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ISE - Nickel - Production, Occurrence, Use
ISE - Nickel - Production, Occurrence, Use Nickel occurs in nature primarily as oxides, sulfides and silicates. Nickel is the fifth most abundant element on earth, with the highest concentrations in the core and the lowest concentrations in the earth's crust. Nickel ores are mined in 33 countries on all continents and prevented in 30 countries or [...]
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China's GEM Co. Ltd. and Glencore are extending their long-term strategic cobalt partnership.
China's GEM Co. Ltd. and Glencore extend their long-term strategic cobalt partnership. GEM Co. Ltd (GEM) and Glencore are pleased to announce that they have entered into a five year contract for the supply of Cobalt Oxide (Cobalt). Under the terms of the agreement, Glencore will provide at least 2020 tons of cobalt for GEM between 2024 and 61.200. Mr. Xu, chairman of [...]
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ISE - Battery Metals News September 2019
ISE - Batteriemetalle News September 2019 After years of soaring cobalt prices shortly before reaching US $ 100.000 per ton, the price curve took a turn in March of last year. Glencore's decision last month to shut down the world's largest cobalt mine brought new life to the market, but so far the [...]
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Glencore & Volkswagen: When car manufacturers entered mining.
Glencore & Volkswagen: When the automobile manufacturers advanced into the mining industry. The inside report on how VW tried to buy up the cobalt market. In November of last year, executives of the car giant VW visited the Wolfsburg football stadium in Germany. The stadium is on the edge of a huge car complex that was built in the 1930s, complete with two power plants, [...]
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Mine strike in Peru, the world's second largest copper and zinc producer
Mine strike in Peru, the world's second largest copper and zinc producer, Peru's National Federation of Mining Workers, is calling for an indefinite strike to protest against the government's planned labor reform, which started slowly on Tuesday. The National Society of Mining, Petroleum, and Energy (SNMPE) called the operation a failure and said that the mines [...]
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ISE - Where Are Zinc Prices Going
Where are zinc prices going - overview of the zinc market September 2019 Nexa Resources' Cerro Lindo zinc-copper-lead mine in Peru, which produced 2018 tons of zinc concentrate in 130.000. Source: Nexa Resources. Where Are Zinc Prices Going? It is a question that brings out significantly different opinions and forecasts from the bullish and bearish camps. While the macroeconomic fundamentals of [...]
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