Cobalt prices rocketed by 130 per cent over the course of 2017, rising from $41,360 per tonne at the start of January 2017 to $96,000 per tonne at the beginning of 2018. This figure also represented an increase of $63,575 from the metal’s two-year low in February 2016. The massive increase has been largely spurred by a […]
Green Energy
Electric Cars Charge Up Cobalt
Labor strife, rights issues in Congo spur Canadian mining firms to seek other sources TORONTO — A handful of Canadian miners are ramping up operations to mine cobalt, betting on demand for a socially responsible source of the metal that is in high demand as a key component of electric cars. Most cobalt currently comes […]
Australia cobalt rush accelerates on electric vehicle demand, DRC troubles
Australia, home to the world’s second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of Congo. As auto makers seek to […]
BMW throws fuel on cobalt price fire: ‘we’ll need 10x as much’
Cobalt prices have gone ballistic in 2017 with the metal quoted on the LME touching $75,000 a tonne a week ago, a 127% surge year to date and a more than 20% jump just over the last month. Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average […]
How to Mine Cobalt Without Going to Congo
Almost 9,000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt — the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a donut at Tim Hortons. Scientists working for American Manganese […]
Cobalt’s dramatic demand bump gives rise to novel investment vehicle
Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle’s profits can outpace its peers. Cobalt, a critical ‘energy metal’ used to make lithium-ion batteries, has become the backbone of the ‘Fourth IndustrialRevolution’ and has […]
