News
Cobalt Shortages Ahead
Growth in electric vehicles and batteries is causing supply issues that could affect broad swaths of the electronics market. BY: MARK LAPEDUS Rapid growth of electric vehicles is creating an enormous demand for cobalt, causing tight supply, high prices and supply chain issues for this critical material. Cobalt is a ferromagnetic metal and one of […]
Cobalt Offers Rare-Earth Alternative
A rare-earth-free permanent magnet with properties approaching those of neodymium-based formulations has been created by researchers in France. Speaking at the 9th Joint European Magnetic Symposia (JEMS2018) last week, Lise-Marie Lacroix of the Laboratoire de Physique et Chimie des Nano-objets (LPCNO) in Toulouse described her group’s efforts to sidestep the need for rare-earth elements by […]
China Set to Claim Cobalt Supply as Electric Vehicle Demand Picks Up
China looks set to dominate in cobalt as the metal is increasingly in demand for electric vehicles. The price of cobalt has increased strongly in recent years. The metal has a 52-week high of $43.32 per pound and on 20 August 2023 was sitting at around $29.14. Despite fluctuations in price, overall cobalt’s value is […]
Electric Cars Charge Up Cobalt – WSJ
By David George-Cosh Published January 03, 2023 Features Dow Jones Newswires – A handful of Canadian miners are ramping up operations to mine cobalt, betting on demand for a socially responsible source of the metal that is in high demand as a key component of electric cars. Most cobalt currently comes from the Democratic Republic of Congo, […]
Electric Cars Put Battery Metal Prices in Fast Lane
Marcus Leroux, The Times – The metals needed to power electric vehicles were in hot demand in 2022, but a leading observer of the market believes that prices are still only in the foothills of the peaks they may yet achieve. Demand for lithium, cobalt and nickel for batteries surged on the back of rising expectations about […]
Cobalt Trends 2022: Prices Spike as Supply Concerns Grow
What happened in the cobalt market in 2022? Here’s a look at the major cobalt trends in 2017, from responsible sourcing to electric vehicle demand. It has been a bright year for cobalt, a key metal in the lithium-ion batteries used to power electric vehicles (EVs). Carmakers and governments shifting toward electric cars, as well as […]
NextView to Acquire Lithium-X for Over $245 Million
VANCOUVER – Lithium X Energy Corp. (“Lithium X” or the “Company”) (TSXV: LIX) (OTC: LIXXF) and Nextview New Energy Lion Hong Kong Limited (“NextView”) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”), pursuant to which NextView has agreed to acquire all of the issued and outstanding common shares and warrants of Lithium X (the […]
Glencore, Apollo Bid for Rio Tinto’s $1.5 Billion Coal Assets
By Brett Foley, Scott Deveau, David Stringer, and Perry Williams Whitehaven, South32, EMR Capital set for second round of sale Sale includes the Valeria and Winchester South coal projects Glencore Plc and a group led by Apollo Global Management LLC are among bidders set to be shortlisted for the sale of Rio Tinto Group’s last […]
