Commodity-TV

The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!
Commodity-TV Play Store
Commodity-TV App Store
Commodity-TV

Social Media


Cobalt Supply Slides Down

Cobalt, an important raw material in lithium-ion batteries, is no longer exported from Congo by Glencore

The vast majority of cobalt, 66 percent in 2017, comes from the Congo. Glencore's announcement that its subsidiary Katanga Mining will no longer supply cobalt due to radioactive contamination could result in higher cobalt prices. After all, the Katanga mines are one of the most important suppliers of cobalt on earth.

To remove uranium from the ore in these mines, leading cobalt producer Glencore plans to build a US$25 million ion exchange system. As soon as the necessary approvals have been obtained, the system is to go into operation by the second quarter of 2019. Approximately 1,472 tons of finished product are to be affected. And that's not little.

In this day and age where electric mobility is gaining momentum and cobalt prices are predicted to rise, the debacle at the Katanga mines could further fuel prices for this coveted commodity. Companies with cobalt projects outside Congo, such as M2 Cobalt or First Cobalt, are getting ready.

M2 Cobalt - https://www.commodity-tv.net/c/search_adv/?v=298620 - owns a large land package in East Africa, in Uganda, a politically stable country. The mineral trend is similar to the large mines in neighbouring Congo. The Kilembe Project, which had previously produced, the Bujagali Project and the ownership rights to the Silverside Cobalt Project were intended to lead the Company to success. Only recently M2 Cobalt has added another adjacent 850 square kilometres of best cobalt land.

First Cobalt - https://www.commodity-tv.net/c/search_adv/?v=298478 - also has great ambitions to become the leading North American supplier of cobalt. First Cobalt's flagship project is located in the USA, in Idaho and is one of the rare primary cobalt properties. In addition, the company owns the only cobalt refinery in North America that can produce battery quality. The portfolio also includes 50 formerly producing small mines in the Canadian Cobalt Camp.

Current company information and press releases from First Cobalt (www.resource-capital.ch/en/companies/first-cobalt-corp.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required