The cobalt mining industry, particularly in the Democratic Republic of the Congo, has received backlash in both the past and present for human rights concerns. In the DRC, children as young as seven are sometimes employed to work in hazardous conditions to collect cobalt, a crucial material for electric car batteries, smartphones and other modern […]
Tag: Cobalt
Renewables/GOES MMI: Cobalt prices rise; US aims to strengthen supply chains for critical minerals
The Renewables Monthly Metals Index (MMI) picked up by 6.0% for this month’s reading, as cobalt prices picked up and the U.S. government last month announced a number of efforts aimed at strengthening domestic supply chains for critical minerals. Keep an eye on the MetalMiner weekly newsletter for analysis of everything going on in the world […]
Renewables/GOES MMI: US renewables on pace for 20% of electricity generation in 2021
The Renewables Monthly Metals Index (MMI) ticked up 4.5% for this month’s value. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Want MetalMiner directly in your inbox? Sign up for weekly updates now. EIA: renewables account for 20% of electricity generation In its most recent Short-Term Energy Outlook, the Energy […]
Renewables/GOES MMI: Despite renewables growth, coal and oil bounced back in 2021, IEA warns
The Renewables Monthly Metals Index (MMI) ticked up slightly for this month’s value. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Renewables make progress, but coal, oil […]
Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel
The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give […]
China Molybdenum to invest $2.5B at Tenke Fungurume mine in DRC
Demand for cobalt is rising globally because of its use in electric vehicle batteries. As such, China Molybdenum (CMOC) 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 (DRC), Reuters reported, citing the company’s announcement. More MetalMiner is available on […]
Clash of the futures exchanges
The CME’s Comex and London Metal Exchange (LME) are squaring up for the industrial revolution that is electrification, according to recent posts by Bloomberg and the Financial Times. Both exchanges are busy developing and, more importantly, marketing products that cater to industry’s need to hedge exposure to forward prices for key battery ingredients. Whether for car […]
This Morning in Metals: Companies launch solution for end-to-end cobalt traceability
This morning in metals news: several companies have collaborated on a solution that aims to allow for end-to-end cobalt traceability; meanwhile, the Associated General Contractors of America said rising materials prices threaten the economic recovery; and, lastly, the US, Canada and Mexico issued a trilateral statement on the United States-Mexico-Canada Agreement. The MetalMiner Best Practice […]
Renewables/GOES MMI: Cobalt prices surge as EV demand grows
The Renewables Monthly Metals Index (MMI) traded flat for this month’s reading, as cobalt prices have surged so far this year. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals […]
Rare Earths MMI: DOE awards rare earths funding; Lynas reports quarterly output
The Rare Earths Monthly Metals Index (MMI) fell by 9.8% for this month’s reading. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Biden’s DOE awards $19M in funding for rare earths, critical minerals production initiatives As MetalMiner contributor Sohrab […]
