Category: Cobalt
Mapping the Chinese Cobalt Supply Chain in the DR Congo
The China-Global South Project is proud to announce the first-ever mapping of the Chinese cobalt supply chain in the Democratic Republic of the Congo. ...
Why China Wins and the West Loses When the Price of Cobalt Drops
U.S. and European automakers are rejoicing over the 30% plunge in cobalt prices this year, providing relief for one of the costliest elements needed to power electric vehicles. But what's good for Tesla, Ford and VW is not aligned with the ...
The U.S.-China Cobalt Test in the DR Congo
There's a lot of talk these days in Washington policy circles about the urgent need for the United States to "de-risk" or "de-couple" itself from Chinese supply chains needed to manufacture batteries required to power the green mobility revolution. A lot ...
China’s CMOC Set to Overtake Switzerland’s Glencore as the DR Congo’s Top Cobalt Producer
CMOC Group is forecast to overtake Swiss mining giant Glencore as the largest producer of cobalt when the Chinese company brings another massive mine online later this year. Cobalt is a critical ingredient used to manufacture batteries for electric vehicles and ...
Congolese Cobalt May Become a Casualty of the New U.S. Climate Law
It appears that the Democratic Republic of Congo and other African countries that produce strategic resources used to manufacture electric vehicle batteries may be sidelined by the new U.S. climate law known as the Inflation Reduction Act or IRA. A key ...
Chinese EV Battery Maker Unveils Multibillion Dollar IPO, Will Use Proceeds to Develop Next-Gen Cobalt-free Batteries
One of China's hottest electric vehicle battery makers announced plans to go public on the Shanghai Stock Exchange's NASDAQ-like STAR market in a bid to raise $2 billion to build next-generation EV power packs. SVOLT ...
U.S. Plans to Bypass China’s Cobalt Dominance with Arizona Plant
The Singapore-based commodities trader Trafigura announced it will partner with the U.S. battery metals processing firm EVelution to build a battery-grade cobalt sulfate processing facility in Arizona. The facility is projected to produce 7,000 tons of cobalt sulfate by 2027, an estimated 40% of ...
Chinese Battery Giant CATL Bets on the Future of Cobalt By Buying a Big Chunk of CMOC
Strong demand for electric vehicles around the world helped to triple profits at Chinese battery giant CATL, the world's largest battery maker. The company is reporting that third-quarter profits for the year will reach $1.23 billion. CATL is going to use ...
Chinese-Processed Cobalt (Likely From the DRC) Was to Blame For the U.S. Sales Shutdown of the F-35 Fighter Jet
Sales in the U.S. of the advanced F-35 fighter jet were shut down after it was discovered that a magnet in the plane contained an alloy made with cobalt that was processed in China. It's against the law ...
Trend Watch: Chinese Companies Moving Fast to Develop New EV Batteries
China's largest battery makers are moving quickly to introduce a new generation of power packs for electric vehicles that, in some cases, don't use controversial metals like cobalt. There are two main players to watch in this new battery tech race: ...
China’s Dominance of the Congolese Cobalt Sector May Not Actually Matter Much in the Near Future
The new U.S. climate law, officially known as the Inflation Reduction Act, has a number of provisions aimed at breaking China's hold on certain strategic resources like cobalt, widely seen as vital to the future of electric mobility. Cobalt is a ...