CMCLF News and Press, China Molybdenum Co H Shs From 08/12/21

China Molybdenum is planning to invest as U.S. $2.51 billion to further augment output from its Tenke Fungurume mine in the Democratic Republic of the Congo. The company expects to complete the project and put into production in 2023. The battery materials market has been growing ...

Cobalt spot prices were significantly higher for the month and LME cobalt inventory was slightly lower. Cobalt market news - IEA forecasts cobalt demand to increase 6x to 21x from 2020 to 2040. LG Chem to invest $5B to produce EV battery materials. Cobalt miners news - China Moly'...

In recent years, interest in cobalt has increased due to its use in lithium -ion batteries used to power electric cars. The Democratic Republic of Congo (DRC) is the world’s largest producer of cobalt by far, with its output reaching 95,000 tonnes last year — a...

Cobalt spot prices were slightly higher for the month and LME cobalt inventory was about the same. Cobalt market news - US unveils plans for the supply of batteries, critical minerals, semiconductors. Volkswagen and Tesla both active in securing battery materials. Cobalt miners ne...

Cobalt spot prices were lower for the month and LME cobalt inventory was about the same. EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability. Cobalt market news - S&P GMI forecasts the cobalt market to move into deficit from 2024. Analy...

Cobalt spot prices were slightly lower for the month and LME cobalt inventory was slightly lower. Cobalt market news - President Biden’s $2.25 trillion infrastructure package proposes a $174 billion investment "to win the EV market". Cobalt miners news - CATL takes stake in...

Cobalt spot prices were higher again for the month and LME cobalt inventory was lower. Cobalt hydroxide prices up 65.5% YTD. Cobalt market news - Cobalt demand from NCM batteries used in EVs will likely increase a whopping 37x from 2019 to 2040. Cobalt miners news - Glencore reduc...

Cobalt spot prices surged higher again for the month, and LME cobalt inventory was much lower. Cobalt market news - China’s demand for electric cars drives cobalt prices to highest level in 2 years. UBS: Cobalt market to be in deficit for the next 10 years. Cobalt miners ne...

Cobalt spot prices were significantly higher for the month and LME cobalt inventory was lower. Cobalt prices enter 2021 on the rise boosted by China stockpiling. Cobalt market news - Cobalt Trends 2020: EV makers still need cobalt. Cobalt Outlook 2021: Demand to rise, higher price env...

First Cobalt is modernizing and expanding a cobalt refinery in Ontario. The refinery should be able to produce 25,000 tonnes of battery-grade cobalt sulphate per year. At a cobalt price of $25/lb, the after-tax NPV(8%) equals $177 million. First Cobalt has also several other a...