Category Archives: Cobalt

Cobalt’s shift to battery grade needed an independent price to reflect it

by Caspar Rawles @CDMRawles Since I began my role as cobalt analyst at Benchmark Mineral Intelligence in September 2016, cobalt has undergone a meteoric rise which continues to this day. Prices have more than doubled and are still experiencing upward pressure, with the mineral being tipped by many investors as the hot prospect of 2017. … Continue reading Cobalt’s shift to battery grade needed an independent price to reflect it

BASF targets cathode supply security with Norilsk nickel & cobalt negotiations

Chemicals and cathodes giant BASF announced that it has entered into exclusive negotiations with Russian nickel behemoth Norilsk Nickel for the supply of nickel and cobalt for the next generation of battery cathode materials, to be produced in Europe. In a press release dated 27th June, the world’s leading chemical company highlighted their intention to … Continue reading BASF targets cathode supply security with Norilsk nickel & cobalt negotiations

Bigger than Giga: Tesla’s plan for 3 more battery megafactories

Tesla’s latest financial results not only painted a rosy picture for the clean energy crusader in 2016 but also hinted at significant future infrastructure expansions putting further strain on already stretched raw material markets. In January production of Tesla’s new 2170 cell – which will be used in energy storage as well as the Model … Continue reading Bigger than Giga: Tesla’s plan for 3 more battery megafactories

Do DRC politics spell further price rises for Cobalt? Why 19 December is a date to mark…

Benchmark Mineral Intelligence has initiated its cobalt coverage and anticipates to begin monthly price assessments for cobalt chemicals used in lithium ion battery cathodes by Q1 2017. For more information contact Caspar Rawles, Analyst, crawles@benchmarkminerals.com (@CDMRawles)  ———————– Political rumblings in the DRC may have a major impact on the price of cobalt. It has been … Continue reading Do DRC politics spell further price rises for Cobalt? Why 19 December is a date to mark…

Cobalt price gains begin, H2 surge likely

Tightening supply and growing demand has finally sparked the beginning of a recovery in cobalt prices which is likely to escalate throughout H2 2016. Increases of between $0.5-$1.5/lb have been reported across the market, led by price hikes in China at the start of the August as suppliers scaled down their efforts to destock. This … Continue reading Cobalt price gains begin, H2 surge likely

Cobalt supply tightens as battery demand looms

Political tensions amidst the wider slump in global commodity markets, look set to continue the onslaught on cobalt production in the Democratic Republic of Congo (DRC) moving into H2 2016. Cobalt production in the DRC, home to over 60% of the world’s mined output, is estimated to have fallen by over 20% in Q1 2016 … Continue reading Cobalt supply tightens as battery demand looms

Cobalt & conflict minerals: The need for supply chain leaders

Michael Gibb, Global Witness // The best time to plant a tree is twenty years ago. Or so goes an old proverb. It is also the best time to start thinking seriously about sourcing minerals responsibly. In recent years the links between conflict, human rights abuses and the minerals trade have been increasingly well documented and understood. While some conflicts are fought over control … Continue reading Cobalt & conflict minerals: The need for supply chain leaders

Cobalt brings tech giants’ supply chains into the spotlight

A new report by Amnesty International has uncovered human rights abuses by one of the world’s leading cobalt producers in the Democratic Republic of Congo (DRC). Zhejiang Huayou Cobalt Ltd, a mining group partly owned by the Chinese government, has been accused of selling cobalt sourced from child labor into major battery production facilities in China, Japan and South Korea. … Continue reading Cobalt brings tech giants’ supply chains into the spotlight

Goldman Sachs: Wind & solar the “new shale gas”

Leading investment bank publishes The Low Carbon Economy // Benchmark advises on the lithium and battery supply chains // Solar and wind “the new shale gas” // Albemarle and Tesla identified as investment targets // ——————————— Goldman Sachs has declared wind and solar power industries the “new shale gas” in its first ever published opinion on … Continue reading Goldman Sachs: Wind & solar the “new shale gas”

Tesla’s Elon Musk: More Gigafactory lithium deals to come, potentially Nevada

Tesla Motors’ CEO Elon Musk has admitted the company is pursuing lithium deals in Nevada. Tesla is looking to add to the conditional deal it struck with Bacanora Minerals / Rare Earth Minerals and Musk was forced to admit last night on Twitter that Nevada projects are being considered. Last week’s lithium supply deal with … Continue reading Tesla’s Elon Musk: More Gigafactory lithium deals to come, potentially Nevada