Cobalt, lithium, and copper are essential for lithium-ion batteries and the electric vehicle (EV) supply chain. As China maintains strategic control over these minerals, the United States and its allies are working to diversify sources to secure supply chains. The US and Japan are increasing cooperation, exploring trilateral partnerships with Latin American mineral producers such...
READ MORECobalt prices have fallen to their lowest levels in nearly a decade, with the battery material trading at $11.02 per pound as of January 23. The price drop reflects record-high production levels, which continue to exert downward pressure on the market. The world’s largest cobalt producer, CMOC Group, achieved a record output of 114,165 tons...
READ MOREChina’s CMOC Group, the world’s largest cobalt miner, plans to sustain high production levels in 2025 following a record-breaking year in 2024. The company, which operates major mining projects in the Democratic Republic of Congo, has set a target to produce between 100,000 and 120,000 tons of cobalt this year. This comes after it achieved...
READ MOREThe global cobalt market in 2025 is expected to remain shaped by oversupply and evolving battery technologies. Prices, subdued since 2023 by excess supply, are projected to stay stable with minimal volatility. However, shifts in trade dynamics, technological advancements, and geopolitical factors continue to influence the market. Global cobalt demand is forecasted to grow substantially...
READ MORECobalt remains a critical mineral, integral to industries including defense, aerospace, energy storage, consumer electronics, and electric vehicles (EVs). As demand for these applications grows, the global cobalt market faces a complex mix of opportunities and challenges heading toward 2030. Global Production Trends Cobalt is primarily mined as a by-product of copper and nickel. Global...
READ MORECobalt prices have halved over the past two years, largely driven by a surge in supply from China’s CMOC Group. The company’s aggressive production growth has significantly contributed to the global oversupply of cobalt, pushing prices down from over $28,000 per tonne in January 2024 to under $24,000 by December on the London Metal Exchange....
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Nornickel, a leading Russian mining company and a top producer of palladium and nickel, has released its market projections for 2025, highlighting distinct supply and demand dynamics for copper, nickel, platinum, and palladium. Each metal’s outlook reflects a mix of global economic factors and industry-specific developments. CopperThe global copper market, currently in surplus by 200,000...
READ MOREThe global copper market is projected to see a surplus of 200,000 tonnes in 2024 before achieving balance in 2025, according to Nornickel’s latest market analysis. The company attributes this trend to growing demand spurred by renewable energy, electric vehicles, and rising global electricity consumption. While concerns about long-term copper supply shortages persist, recent investments...
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