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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 ...

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 ...
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