Chile’s copper mining industry the world’s largest saw a 17% drop in its production costs in the first half of 2020 the mining ministry said on Thursday even as the coronavirus outbreak
The central bank of Congo said that in the first half of this year alone the country produced 765000 tons of copper concentrate an increase of 13.4 per cent year-on-year. 38816 tons of cobalt were produced in the first half up 6 per cent from a year earlier
Glencore reported a 32% drop in first-half core profit on Wednesday sending its shares to their lowest since late 2016 and said it would suspend output at the world& 39;s biggest cobalt mine because
Cobalt is a ferromagnetic metal with a specific gravity of 8.9. The Curie temperature is 1115 C 2039 F and the magnetic moment is 1.6–1.7 Bohr magnetons per atom. Cobalt has a relative permeability two-thirds that of iron. Metallic cobalt occurs as two crystallographic structures: hcp and fcc.The ideal transition temperature between the hcp and fcc structures is 450 C 842 F
The first-half copper output of 393089 tonnes put the country on course to hit its annual target of 750000 tonnes.
First-half cobalt output jumped 31 percent to 16700 tons the company said in a statement on Tuesday. While Glencore is cashing in on higher cobalt and copper demand it also must confront
Copper output fell 11% to 588100 tonnes for the six months to June 30 while cobalt output was down 33% to 14300 tonnes owing to the closure of the Mutanda mine in Democratic Republic of Congo.
ERG own the Metalkol facility in the DRC where ERG processes cobalt and copper tailings with a capacity of up to 24000 tonnes of cobalt pa. No news for the month. Umicore SA Brussels:UMI
A report by Fitch Solutions forecasts global copper mine production to increase by an average annual rate of 3.7% over 2021-2029 with total output rising
precursor shipments fell by more than 50% during the first half of the year: GEM has adjusted its output increasingly towards consumer electronics the main consuming market in the first half of the year. The uptick in cobalt demand from the tablet
The central bank of Congo said that in the first half of this year alone the country produced 765000 tons of copper concentrate an increase of 13.4 per cent year-on-year. 38816 tons of cobalt were produced in the first half up 6 per cent from a year earlier. However production of tin wolframite and coltan has declined significantly.
Congo produced 38816 tonnes of cobalt in the first half of 2020 up 6% year-on-year according to the central bank.
First-half copper production was 5% lower than last year while cobalt output rose 28%. Zinc and coal output rose 8% and 10% respectively and nickel dropped 11% versus the same time last year
SHANGHAI Aug. 28 SMM – China Molybdenum’s copper output from Tenke copper-cobalt mine was 109186 tonnes in the first half of 2017 based on a 100% stake in the mine with cash cost of $0.28 per pound according to the company’s semi-annual report.
First-half copper output fell 5% from a year earlier while cobalt output rose 28%. Coal and Zinc production rose 10% and 8% respectively while nickel production fell 11% in the half.
Xstrata produced 617 tonnes of contained cobalt across its Canadian and Australian mining operations in the first half of the year up by 18% on the equivalent period in 2010
Wanbao Mining’s Kamoya copper and cobalt project in the Democratic Republic of Congo DRC has started testing operations for its second-phase expansion and produced its first batch of cobalt hydroxide on November 15 the company said on Monday November 23.
ERG own the Metalkol facility in the DRC where ERG processes cobalt and copper tailings with a capacity of up to 24000 First Cobalt TSXV:FCC OTCQB Glencore YTD cobalt output was down
Copper output in Democratic Republic of Congo rose 7.9 percent year-on-year in the first half of 2018 to 597249 tonnes and cobalt production jumped 37.6 percent to 52491
Copper output in Democratic Republic of Congo rose 7.9% year-on-year in the first half of 2018 to 597 249 tonnes and cobalt production jumped 37.6% to 52 491 tonnes the central bank said on Thursday.
For example Benchmark expects the price to rise steadily to $36/lb. in 2028 before falling to a long-term price assumption of $26.8/lb. from 2030 on. If the cobalt price does end up soaring I think that First Cobalt’s valuation would rise even more. Refurbishing and expanding First Cobalt’s refinery is underway and is expected to cost $60M.
* Copper output up 16 pct as mines increase production * On course to reach annual cooper target of 750000 T * First-half cobalt output more than doubled
China Molybdenum Co. one of the world’s biggest cobalt producers saw its output of the battery metal fall 24% year-on-year in the first half according to Reuters calculations based on company filings. ZAMBIA STEPS UP TO ASSIST IN COVID-19
The decline in Glencore’s production of cobalt a by-product of copper and nickel mining comes amid falls in copper and nickel output across its global assets. Copper production across Glencore’s African operations fell 6% year on year in 2017 with cobalt production at these assets similarly lower at 23900 tonnes last year compared with 24500 tonnes a year earlier.
China Moly’s annual production target for cobalt a key ingredient in batteries for electric vehicles was set at 14000-17000 tonnes for 2020. Meanwhile copper metal production at Tenke
Glencore’s Katanga mine in the Democratic Republic of Congo is ramping up to 29000 tonnes per year cobalt output contained in hydroxide this year. The company put its 25000 tpy Mutanda mine also in the DRC on care and maintenance for at least two years in late 2019 due to low cobalt prices.
First-half profit falls 32%. Low cobalt prices poor access increased costs and higher taxes impacts the economic viability of the Mutanda copper and cobalt mine Glencore says.
First Cobalt Corp. substantial cash flow from cobalt refinery by late 2022 Note: unless indi ed otherwise all figures in US$. This week’s news from Pfizer Inc. about a COVID-19 vaccine that’s potentially > 90% effective in preventing the virus is very bullish for the