The Renewables Monthly Metals Index (MMI) fell two points this month for a May MMI reading of 101. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook World Bank Launches Climate-Smart Mining Facility As the world moves toward sourcing a larger and larger share of its total energy needs from renewables, the […]
Tag: Cobalt
Glencore Q1 Copper Production Falls 7%, Cobalt Rises 56%
Miner Glencore reported its Q1 2019 production figures this week, showing own-sourced copper production dipped 7% year over year, while cobalt production surged 56% year over year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore’s copper production totaled 320.7 kt in Q1 2019, while cobalt production reached 10.9 kt. According […]
LME Kicks Off Consultation on Proposed Responsible Sourcing Principles
The London Metal Exchange today announced it is launching a formal consultation on proposed rules for “the application of responsible sourcing principles to all LME-listed brands.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our comprehensive market engagement exercise has revealed strong support for the LME taking action on this […]
Renewables MMI: EPA Deal Opens Door to Potential Missouri Cobalt Mining
The Renewables Monthly Metals Index (MMI) held flat this month, sticking at an MMI reading of 103. Cobalt in … Missouri? The St. Louis Post Dispatch reported an EPA agreement could open the door to cobalt mining at the site of an old lead mine. On April 3, the EPA announced it had reached an agreement […]
Are LME Cobalt Futures on Track for a Record Volume Year?
Interest in cobalt increased recently as the price fluctuated widely during the past year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One reason for the increased interest comes from the metal’s uses in advanced applications, such as in aerospace and biotech. Interest also surged due to cobalt’s use in […]
Renewables MMI: Startup Backed by Billionaires Aims to Find New Cobalt Sources
The Renewables Monthly Metals Index (MMI) fell one point this month for an MMI reading of 103. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Hunt for Cobalt As noted routinely in this installment of the MMI series, cobalt is a coveted material for its use in a wide variety […]
LME Moves to Save the Cobalt Contract
You can’t please all of the people all of the time and the more people you are trying to please the harder it gets. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook When you are the largest and oldest metals exchange in the world and are trying to balance often […]
Renewables MMI: Plate Prices Rise Against General Steel Downtrend
The Renewables Monthly Metals Index (MMI) picked up two points this month, rising for a February MMI value of 104. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore to Cut Cobalt Workforce in DRC According to a Bloomberg report, miner Glencore plans to cut its workforce at its Mutanda copper […]
Renewables MMI: Democratic Republic of the Congo Holds Historic Elections
The Renewables Monthly Metals Index (MMI) held flat this month, sticking at a reading of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Congo Elections As readers know, a majority of the world’s cobalt is mined in the Democratic Republic of the Congo (DRC), where political instability has often led […]
Renewables MMI: DRC to Raise Royalty Rate on Cobalt
The Renewables Monthly Metals Index (MMI) picked up a point this month, rising for an MMI reading of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DRC Declares Cobalt ‘Strategic’ Substance The Democratic Republic of the Congo (DRC) — where a majority of the world’s cobalt is mined — declared […]
