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FortuneJimon May 14, 2018 10:09am
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Today’s Fortune Cobalt News
Today’s Fortune Cobalt News | |
| Exane BNP Paribas May 14, 2018 report “DRC standoffs: electric nightmares” Excerpts: “The tight cobalt market is facing a new uncertainty: mining rights in the DRC are at risk of being transferred to Chinese interests as a result of Dan Gertler being under US sanctions. While there are no overt signs of a deal yet, the consequences would be huge for the West…Given how strategic the whole supply chain is for China, one scenario is that the country, which has invested heavily in DRC in recent years, and has joined other miners in the negotiation so far through China Moly, loses patience and seeks a deal of its own, perhaps securing Gertler's rights. If the West is not careful, this could put other buyers at risk of a supply crunch.” | | | | Cobalt | | | | Metal Bulletin - May 11, 2018 An overview of the battery raw materials markets and their price moves from the past week. BATTERY RAW MATERIALS MARKET REPORT 11/05: Cobalt sulfate discount widens while nervous buyers step back Cobalt High grade MB US$43.20- 44.05 May 1, 2018 assessment | | Mining Weekly - May 11, 2018 JOHANNESBURG (miningweekly.com) – Technology and clean technology companies are increasingly struggling to secure adequate supplies of... the nature of the mineral’s value chain and the fact that cobalt from artisanal mines can change hands several times before being mixed with Technology and clean technology companies are increasingly struggling to secure adequate supplies of cobalt, while the ethical sourcing of cobalt also remains a challenge…The Democratic Republic of the Congo (DRC) provides about two-thirds of the world’s cobalt supplies, but traceability of origin and governance in the supply chain are severely deficient, says Africapractice…The cobalt price has seen fluctuations in recent months but overall demand is unlikely to recede, even in the face of sociopolitical uncertainty and heightened international scrutiny…“But rigorous supply-chain due diligence is already becoming a critical requirement for miners and end-users wanting to source cobalt from a region that has long suffered from abuses centred around its thriving industry.” | | | | | EVs | | | | www.linkedin.com - May 14, 2018 Mary Barra, Chairman and Chief Executive Officer at General Motors At General Motors, we are steadfast in our vision of a world with zero crashes, zero emissions and zero congestion. This morning, I reaffirmed our stance on vehicle efficiency standards with the entire General Motors team…As you may know, discussion continues in Washington, D.C. and elsewhere about the efforts to revise current vehicle efficiency standards in the United States…Regardless of the outcome of these discussions, I assure you we have an absolute and unwavering commitment to improve fuel economy, reduce emissions and invest in technologies to drive an all-electric future…In the meantime, while a zero-emissions future will not happen overnight, we are moving aggressively to get there. We are well on our way to introducing 20 new all-electric vehicle models globally by 2023. | | | | | Congo | | | | Bloomberg - May 11, 2018 Glencore Plc and former partner Dan Gertler are trying to settle a dispute over unpaid royalties at a key Congolese copper mine, according... Republic of Congo, where it’s the top producer of copper and cobalt. Glencore is challenging the government over a new mining code which Glencore Plc and former partner Dan Gertler are trying to settle a dispute over unpaid royalties at a key Congolese copper mine, according to two people with knowledge of the matter…A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution, according to the people, who declined to be identified, because the negotiations aren’t public. | | | | | | |