The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Category: Cobalt
Analysts Doubt Congo’s Cobalt Export Restrictions Will Do Much to Boost Prices in the Long Term
The Democratic Republic of the Congo extended a four-month export ban on cobalt exports in a bid to further constrain supply and boost prices of the critical metal that's used to manufacture electric vehicle batteries. The government hopes that by keeping additional ...
Cobalt Prices Sink to New Record Low Amid Chinese Production Surge
The price of cobalt, a key metal used to manufacture electric vehicle batteries, dropped to its lowest point in nearly a decade last week amid mounting concerns that Chinese companies are flooding the market. Despite persistently low prices, CMOC Group, the world's ...
Once-Promising Cobalt Mining Firm the U.S. Hoped Would Compete With China Struggles to Survive
Australia-based cobalt mining company Jervois Global was once hailed as Washington's answer to China's dominance in the critical resource mining sector but is struggling to survive after years of persistently low prices for the blue metal. Jervois' investors announced last week ...
China’s Role in the DR Congo Cobalt Supply Chain: Who’s Who?
This report serves as a companion piece to CGSP’s Interactive Cobalt Tracker. While the map provides detailed, up-to-date data on the cobalt industry in the Democratic Republic of the Congo, this report offers the broader context needed to understand that data.
Chinese Supply Surge Pushes Cobalt Prices to Lowest Point for the Year
Prices for cobalt, a critical resource used to manufacture electric vehicle batteries, touched an eight year low on Friday before recovering a bit to close at the lowest point in 2024. The market is flooded with the blue metal due to ...
Analysis from Cobus van Staden
Senior U.S. Diplomat Accuses Chinese Company of “Predatory” Tactics to Depress Cobalt Prices
The top U.S. diplomat for energy and the environment, Jose Fernandez, accused Chinese mining giant CMOC of using "predatory" practices to intentionally flood the market with cobalt to suppress prices: “What we’re seeing now, I feel, is a variation of predatory pricing ...
China is Taking Advantage of Rock Bottom Cobalt Prices to Stockpile Huge Quantities of the Blue Metal
The Chinese government is leveraging a 40% plunge in the price of cobalt to further bolster its national strategic reserve of the blue metal used in advanced electronics and electric vehicle batteries. UK-based cobalt trading house Darton Commodities recorded a massive ...
U.S. Lawmakers Weigh Sanctions, Criminal Charges Against Chinese Companies Over Child Cobalt Mining in DR Congo
U.S. legislators are proposing much stricter measures to counter China's dominance of the cobalt supply chain, including sanctions that would restrict the import of any cobalt mined by Chinese companies in the DR Congo. The proposed law by New Jersey ...
Four Key Trends in Battery Metals
Amid heightened demand for green technology, prices for critical minerals should be going up, up, up, right? In reality, prices have proven volatile. Even as demand keeps rising, new supply sources are coming online, potentially driving down prices. In addition, geopolitical ...
Truckers Strike Paralyzes Chinese Copper/Cobalt Shipments From the DR Congo
Truckers in the DR Congo have brought the all-important copper and cobalt trade to a standstill over their refusal to drive unless logistics firms pay an additional $700 risk allowance fee. The strike that began late last month has now ...
China Takes Advantage of Cobalt’s Low Price to Boost Strategic Reserve
The Chinese government plans to fortify its stockpile of cobalt, a critical resource used to manufacture electric vehicle batteries. Insiders tell Reuters that the Strategic Reserves Administration plans to purchase 3,100 metric tons of the blue metal in a move likely timed ...
Cobalt: Why This Chart Can Spark Both Fear and Happiness
If you're the Chief Financial Officer of an automaker like the Ford Motor Company that loses money on every single electric vehicle it sells, the fact that this chart lists the price of cobalt at around $17 will make you smile. ...