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%.
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
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.
Breakthrough discovery backed by the US government replaces cobalt with iron in lithium-ion batteries – enabling much cheaper, longer lasting batteries.
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.
The policy would aim to identify new domestic sources of critical minerals and increase domestic exploration, mining, recycling, etc.
President Donald Trump signed an executive order to reduce dependency of critical minerals used in everything from batteries to phones.
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.