Electric cars market threatened by potential cobalt tax hike in Congo
The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.
The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.
Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.
Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.
Vancouver-based Cruz Cobalt is ready to kick off an airborne work program at its three B.C.-based properties amid high prices for the commodity
Zinc hit its highest in more than a decade on Friday as concerns over market tightness persisted, while copper hit a two-week low as Chinese investor interest was muted with the Lunar New Year holidays looming.
Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
Breakthrough discovery backed by the US government replaces cobalt with iron in lithium-ion batteries – enabling much cheaper, longer lasting batteries.
Suncor Energy and Teck Resources Ltd have taken higher stakes in Fort Hills oil sands mine from partner Total SA, resolving a dispute over building costs.
Arrival of new Silicon Valley players like Tesla and Apple to old world of metals serves to reinforce focus on environmentally clean, ethical supply chains.