Category Archives: Cobalt

LG Chem / Huayou cobalt deal reshapes cathode landscape for electric vehicle batteries

Korean battery major LG Chem and China’s Huayou Cobalt have announced a huge deal to launch two plants that will have a significant bearing on the lithium ion battery industry’s cathode direction. The partnership will see a 40,000 tpa lithium ion battery precursor plant and a 40,000 tpa cathode plant being constructed within China over […]

Benchmark launches cobalt industry’s first ever battery metal price

Benchmark Mineral Intelligence has initiated coverage on cobalt metal pricing by launching a Cobalt Battery Metal price to be included as part of Benchmark’s industry leading service, Cobalt Price Assessment. Benchmark’s cobalt battery metal price tracks the metal products most suited to be converted into cobalt chemicals and used in the lithium ion battery supply […]

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 […]

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 […]

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 […]

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 […]

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. […]