SGS of Lakefield, Ontario has been selected to complete advanced metallurgical test work on cobalt
hydroxide and a specialty cobalt
feed, both supplied by Glencore.
The Mutanda mine, which accounts for around 20% of the world's global cobalt
supply, will be closed toward the end of the year and will remain inactive over the next 24 months, after which Glencore will review its options on what to do with the facility.
Guy Marsden, director of Highbridge Properties, developers and part-owners of Cobalt
Park, said: "This letting is a massive endorsement of the quality and strength of the Cobalt
In a statement, First Cobalt
president-CEO Trent Meli called Glencore an "ideal partner" to work with as the world's largest cobalt
producer and one that fulfills his company's goal of securing ethically-sourced, battery-grade cobalt
to supply the North American electric vehicle market.
An unfavorable aspect of cobalt
is the level of difficulty and the high cost of its separation from nickel and copper.
The transaction creates a high-growth, diversified battery metals streaming and royalty company that expands and diversifies its portfolio with increased nickel and cobalt
It said: "Future flights or services provided by Cobalt
will be cancelled and will no longer operate.
EVs will add 50% to overall demand for cobalt
between 2017 and 2025, according to CRU's base case.
"I've been in this industry for many years -- many of them with Cobalt
-- and I'm very excited about the new capabilities Cobalt
brings to meet the challenges of today's dynamic broadcast marketplace," Shaw says.
Exposure to cobalt
ions (II) is natural and anthropogenic due to tremendous use in last few decades in many industries such as electroplating, mining, electronics, pigments and paints.
International Resource News-June 18, 2018--Cobalt Power completes acquisition of Western Cobalt
Summary: Apple is in talks to buy long-term supplies of cobalt
directly from miners for the first time, seeking to ensure it will have enough of the key battery ingredient amid industry fears of a shortage driven by the electric vehicle boom.