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Unknown - February 11, 2019
Cobalt trade log including business, bids and offers reported to Fastmarkets.

February 8 2019 Alloy-grade - $17.30-19.50

Financial Times - February 8, 2019
Glencore will axe workers at a key mine in the Democratic Republic of Congo, as it faces lower cobalt prices and higher costs under a new...

The Swiss-based miner and trader is cutting expatriate workers at its Mutanda mine, the largest cobalt operation in the world, and also not renewing contracts for external contractors, according to people familiar with the matter…In its 2018 resources and reserves report, published this week, the company said it had reclassified an ore body at Mutanda to “probable” rather than “proved” because of the “uncertain political and increased cost environment” in the DRC. Mutanda is one of Glencore’s core assets. It produced almost 200,000 tonnes of copper last year and more than 27,000 tonnes of cobalt…Mutanda was under review following drilling results that showed a faster-than-expected transition to a new type of metal bearing ore…To process this material — and give Mutanda a mine life of 15 years — Glencore would need to invest heavily in new processing equipment… “An investment decision on sulphide mining and processing will be considered upon completion of the updated feasibility study,” the report said

BloombergQuint - February 8, 2019
(Bloomberg) -- Glencore is cutting the workforce at its Mutanda copper and cobalt mine in the Democratic Republic of Congo to lower costs...
to the mining code that tripled the royalties levied on cobalt. Mutanda is a crucial source of employment and tax revenue for Congo. The

The company is studying the economic viability of those deposits, given rising production costs and an uncertainty political environment in Congo…The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda — the world’s largest and richest source of cobalt — and invest in new methods to extract the metals from sulfide deposits. The company is studying the economic viability of those deposits, given rising production costs and an uncertainty political environment in Congo.

European Passive Components Institute - February 11, 2019
Source: Electrive news A few days ago Tesla announced the acquisition of Maxwell Technologies. What the electric car manufacturer is...
solvents and are designed to significantly improve the performance of lithium-ion cells and reduce production costs. Maxwell managers told

What the electric car manufacturer is trying to achieve is now clear from new reports and a document published by Maxwell in 2018 on its patented dry electrode technology…the company apparently hopes to use Maxwell to create a new generation of batteries with improved performance and longevity, shorter charging times and lower prices…Background: Maxwell not only produces super and ultra capacitors, which are currently being installed in hybrid cars for regenerative braking systems. The company is also working on so-called “dry electrodes”, which do not require solvents and are designed to significantly improve the performance of lithium-ion cells and reduce production costs. 

Unknown - February 11, 2019
“Made in China 2025” promises to help Beijing dominate the high-tech world, but it has raised suspicions in the West.

Notably, Made in China also identifies 10 sectors, which are outlined below, where the bulk of this effort will take place. On average, Beijing wants 70 percent of basic core components in these sectors to be sourced from domestic suppliers by 2025…Energy-Saving and New Energy Vehicles…Accordingly, Beijing wants electric vehicles to make up some 40 percent of domestic car sales by 2025 (compared to just 2.7 percent in 2017). And it wants at least half of these new EVs to be Chinese. Ultimately, this is really about battery development. Innovation in battery technology would have wide-ranging implications in other fields as well as geopolitical ramifications, as proliferation of EVs will increase demand for minerals such as cobalt that are concentrated in a handful of states such as the Democratic Republic of Congo.

For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at


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