Much like Saudi Arabia has been considered the swing producer for crude oil, mining giant Glencore can be considered a swing producer for certain key commodities. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. For example, earlier this year the miner announced it […]
Tag: Cobalt
Renewables MMI: Glencore Signs Cobalt Supply Deal with China’s GEM
The Renewables Monthly Metals Index (MMI) slipped one point for an October MMI reading of 98. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Glencore Signs Cobalt Supply Deal with China’s GEM Mining giant Glencore has entered into a cobalt supply agreement with China’s […]
Renewables MMI: Cobalt Prices Gain Upward Momentum
The Renewables Monthly Metals Index (MMI) dropped two points for a September MMI value of 99. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook First Cobalt Eyes Restart of Canadian Refinery First Cobalt Corp., a Toronto-based firm, is looking into restarting its idled cobalt refinery in Canada, Reuters reported. First Cobalt […]
This Morning in Metals: China Molybdenum’s DRC Mine Struggles Under Falling Prices
This morning in metals news, China Molybdenum is facing a number of pressures at its copper and cobalt mine in the Democratic Republic of the Congo, Norsk Hydro announced new certifications for several of its aluminum plants and profits have fallen at Australian miner South32 Ltd. amid falling aluminum prices. Need buying strategies for steel? […]
Renewables MMI: Glencore Plans to Halt Production at Mutanda Cobalt Mine
The Renewables Monthly Metals Index (MMI) fell four points this month for an August reading of 101. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore Shakes up Cobalt Market As covered by MetalMiner’s Stuart Burns, Glencore announced it would halt production by the end of the year at the world’s […]
Glencore to Halt Production at World’s Largest Cobalt Mine in the DRC
These are trying times for Glencore, as the cobalt market price collapses due to surging supply and weak copper prices undermine the fundamentals for the miner’s Mutanda copper and cobalt mine in the Democratic Republic of the Congo. The Financial Times reported Glencore will halt production at the world’s largest cobalt mine from the end […]
Glencore’s 1H 2019 Copper Production Falls 5%, Cobalt Production Rises 28%
Miner Glencore on Wednesday released a mixed batch of production results for the first half of 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The miner reported copper production fell 5% compared with the first half of 2018, falling to 663,000 tons. The miner attributed the drop to several […]
Renewables MMI: Congo’s Copper Production Growth Outpaces Cobalt
The Renewables Monthly Metals Index (MMI) gained three points this month, rising to a July MMI value of 105. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Congo Cobalt Output Rises 3% Cobalt output in the Democratic Republic of the Congo (DRC) jumped 3% over the first five months of the […]
This Morning in Metals: Hebei Moves Up Capacity Cut Deadline
This morning in metals news, the Chinese steelmaking province of Hebei has moved up its target date for plant relocation and capacity cuts, miners in the Democratic Republic of the Congo are moving to copper as a result of dropping cobalt prices, and Chile’s copper exports fell in June. Need buying strategies for steel? Request […]
Glencore, Umicore Enter into Long-Term Cobalt Supply Agreement
Multinational miner Glencore announced this week that it has entered into a long-term cobalt supply agreement with Umicore, a global materials technology and recycling group based in Brussels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to Glencore, the cobalt will be sourced from its KCC and Mutanda operations […]
