Cobalt

Nth Cycle, a Boston-area technology company co-founded by MIT Associate Professor Desirée Plata, CEO Megan O’Connor, and Chief Scientist Chad Vecitis, has launched commercial operations at a facility in Fairfield, Ohio, producing mixed hydroxide precipitate containing nickel and cobalt from electronic waste and battery scrap. The company’s “electro-extraction” technology represents an attempt to challenge Chinese...

Cobalt Holdings has confirmed plans to list on the London Stock Exchange in June through a $230 million initial public offering, marking a rare new entry for investors seeking direct exposure to the price of cobalt. Trading is expected to begin on or around June 10, with both institutional and UK retail investors able to...

Indonesia plans to more than double its cobalt production capacity to 114,630 metric tonnes per year by 2027, up from 55,630 tonnes in 2024, according to Septian Hario Seto, executive secretary of the country’s National Economic Council. Speaking at the Cobalt Congress 2025 in Singapore, Seto said the country has no intention of controlling global...

EVelution Energy has signed a letter of intent with Japan-based Mitsui to supply nearly all of the cobalt metal and cobalt sulfate production from its planned processing facility in Yuma County, Arizona. Construction on the project is expected to begin by the end of 2025, with full operations targeted for 2027. Once operational, the plant...

Xerion Advanced Battery has begun pilot-scale production at its Dayton, Ohio facility, deploying its proprietary DirectPlate Molten Salt Electrolysis (MSE) technology to refine cobalt. The new process allows crude cobalt hydroxide to be converted directly into high-purity cobalt metal in a single, continuous step, streamlining a procedure that typically involves multiple complex stages. The pilot...

Cobalt prices have surged nearly 37% in the past month, climbing from $23,985 per metric ton to $32,795 per metric ton, following the Democratic Republic of Congo’s (DRC) decision to halt metal exports at the end of February 2025. The DRC, which supplies more than 70% of the world’s cobalt, introduced the four-month export ban...

Swiss mining group Glencore is facing a $4.7 billion revised tax bill from the Democratic Republic of Congo’s tax authority, according to a report published by Africa Intelligence on April 16. The assessment targets two of the company’s subsidiaries operating in the country: Kamoto Copper Company (KCC) and Mutanda Mining. The Congolese Directorate General of...

Several South Korean battery companies are postponing or abandoning joint projects with Chinese partners, as geopolitical risks and shifting market dynamics reshape industry strategies. LG Energy Solution has delayed its planned battery recycling venture with Huayou Cobalt, China’s top cobalt producer. The project, intended to include pre-processing and post-processing facilities in Nanjing and Quzhou, was...

Cobalt Blue has entered into a binding agreement with Iwatani Australia to jointly advance development of the Kwinana cobalt refinery in Western Australia. The agreement sets the framework for progressing the project toward a final investment decision (FID) by December 31, 2025. Key conditions to be satisfied before a final decision include verification that cobalt...

Evelution Energy has announced plans to establish North America’s first cobalt processing facility in Tacna, Yuma County, Arizona. The $200 million project will produce battery-grade cobalt sulfate, a critical material for electric vehicle (EV) batteries, and is expected to significantly reduce U.S. reliance on foreign supply chains. Once operational, the facility will process 33,000 metric...