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Browsing: Cobalt Mining
Cobalt mining in the Democratic Republic of Congo (DRC) remains crucial in meeting global demand due to its usage in electric vehicle batteries and electronic devices.
However, the industry is marred by grave human rights abuses, including unsafe working conditions and child labour. Efforts must be made to reform mining practices and address the challenges associated with informal or artisanal mining sites.…
- Lithium battery industry to grow over 30 percent annually from 2022 to 2030
- Market value for lithium batteries to exceed US$400 billion by 2030
- DRC, Zambia and Tanzania looking to refine cobalt, manufacture lithium batteries
The sale of Electric Vehicles (EVs) is booming in the transport industry of the developed world, and now Africa wants in.
Rather than continue to supply raw materials for the making of the electric vehicle, countries like DRC, Zambia, and Tanzania, want to refine the ores and even manufacture the final product, lithium batteries.
Their ambitions are well placed because the lithium battery industry is booming and will only keep growing. A 2022 analysis by the McKinsey Battery Insights team projected that the entire lithium-ion battery chain, from mining through recycling, could grow by over 30 percent annually by 2030 when it would reach a value of more than US$400 billion.
“Batteries for mobility applications, …
- Companies that purchase cobalt are said to engage in a “futile” exercise when they attempt to differentiate flows from industrial mines and the significant production from small-scale artisanal mining
- Buyers will only be able to fulfil an anticipated four-fold growth in global demand for cobalt by 2030 with ASM
- The DRC Congo was the world’s greatest producer of cobalt in 2022, producing 130,000 tonnes of the metal, roughly 68% of all cobalt mined worldwide
To meet the growing demand for the mineral used in batteries that power electric vehicles and consumer gadgets, changes are needed to legitimize the activities of unregulated artisanal mining in the Democratic Republic of the Congo.
Companies that purchase cobalt are said to engage in a “futile” exercise when they attempt to differentiate flows from industrial mines and the significant production from small-scale artisanal mining, or ASM, according to a paper released on Wednesday 8th Feb …
The search for Congo’s cobalt has shown how the clean energy revolution has taken a turn. It is to save the planet from rising temperatures in an age of enlightened self-interest. But it has become mired in a familiar cycle of exploitation, greed, and deception. This often benefits Africa little or not at all.
On November 24, 2021, a group of G7 countries, including Japan and the US made a decision. They stated they will withdraw crude oil from their Strategic Petroleum Reserve. (SPR). The SPR was an underground salt tank in Utah, turned into a recession and warproof facility. It was in reaction to the twin World Trade Center explosions on September 11, 2001.…
Jervois has completed its merger with eCobalt after receiving eCobalt’s nod from its Canadian shareholders and Supreme Court of British Columbia approvals. According to a joint announcement, following the successful completion of the Arrangement, all conditions precedent have been met and settlement of the A$16.5 million equity placement in Jervois has occurred.
The expanded company has projects in Australia, East Africa, and the US, including eCobalt’s Idaho Cobalt project, which boasts the highest combination of cobalt grade and scale in North America.
The acquisition of M2 Cobalt gave Jervois an entry into Uganda, complementing its East African strategy looking at opportunities around the historic Kilembe mine and Kasese cobalt refinery.
Idaho Cobalt Project has been renamed Idaho Cobalt Operations (“ICO”) to reflect its advanced stage of development and Jervois’s intention to transform the site into a mining operation. The site has had an estimated US$100 million invested to date in …