Tag: Cobalt

Cobalt futures prices in China surged to levels last seen mid-March on Monday after the Democratic Republic of Congo extended its concentrate export ban first instituted in February.

Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of intent with Glencore (LSE: GLEN) for an offtake agreement covering the first five years of production.

Mining’s top industry group with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) among its members has published a framework for companies to determine their emissions, including how to unravel pollution by suppliers and customers.

Facing more restrictive foreign investment policies in developed markets, China is expected to continue building its influence over key minerals such as lithium and cobalt across the developing world, according to S&P Global.