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Depleting ore grades of cobalt deposits at Glencore's Mutanda mine in Congo means the miner will produce up to 15% less a year of the battery metal, three sources with knowledge of the matter said.
On their backs, they carry dirty white sacks of raw copper and cobalt ore. “We make a good living doing this,” he says of his workers who operate 24 hours a day, seven days a week.
The Idaho Cobalt Operation had a projected eight-year lifespan, and in that time was expected to meet about 10% of U.S. demand for cobalt — enough to make batteries powering hundreds of ...
Prices for cobalt hydroxide — the main product exported from Congo — have more than doubled since the ban was announced. Cobalt metal has also surged nearly 60%.
Cobalt firms on DRC ore uncertainty, tight supply By Harpreet Bhal May 3, 20136:22 AM PDTUpdated 12 years ago ...
Power Ore is a brand new company, which at closing will have $1 million in cash, 29,973,333 common shares and 100% ownership of two advanced stage assets - the cobalt and silver Mann Mine and the ...
Lower cobalt production from Mutanda will likely mean Glencore reduces its output guidance by 5 000 metric tons from 2024, two of the sources said. It expects to produce around 38 000 tons this year.
An Australian mining company poised to open the only cobalt mine in the U.S. has halted final construction on its Idaho Cobalt Operation west of Salmon, Idaho.
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