China’s CMOC Group Calls on DRC to End Cobalt Export Ban

Despite increasing demand, important battery raw materials have become cheaper. According to the International Energy Agency, China, Indonesia and the Congo have increased their production considerably, leading to falling prices. Meanwhile, the IEA warns against significant consequences in case of delivery failures.

China's CMOC urges Congo to lift cobalt export ban

THE world’s leading cobalt mining company, CMOC Group, has called on the Democratic Republic of Congo to lift a ban on exports of the battery metal, according to Reuters which cited sources who attended an industry meeting in Singapore last week. Congo imposed the four-month export restriction in February amid plummeting cobalt prices, which had reached nine-year lows of approximately £17,000 per ton. The ban is set to expire on 22 June. CMOC Vi…

The most expensive part of an e-car is – still – the battery. The current sharp price decline for its raw materials could lead to competitive prices.

China’s CMOC Group calls on DRC to end cobalt export ban

CMOC Group has requested the Democratic Republic of Congo to lift its current ban on cobalt exports, which is set to expire next month.The post China’s CMOC Group calls on DRC to end cobalt export ban appeared first on Mining Technology.

Despite falling prices for Lithium & Co., the IEA warns: The global battery supply chain remains fragile and highly concentrated.The post Falling prices for Lithium and Co. – a deceptive trend first appeared on ingenieur.de - job market and news portal for engineers.

Metals essential to electric cars, such as cobalt, lithium and graphite, are increasingly cheaper despite huge demand. According to the International Energy Agency's report on raw materials, countries such as China, Indonesia and Congo have significantly increased their mining of these metals, which has caused prices to fall. Lithium prices rose eightfold in 2021 and 2022, but have fallen by more than 80 percent since 2023. Graphite, cobalt and …