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Argus Media - November 23, 2020
Growth in the global healthcare sector is increasing demand for cobalt products from the medical industry, but the market is expected to ...
in Canada and Russia by providing the cobalt targets. It acquires additional supply from reactors in Russia, China and India. Only 9pc of

Growth in the global healthcare sector is increasing demand for cobalt products from the medical industry, but the market is expected to remain undersupplied in the coming years as it competes with other applications…Cobalt-60, which is used in the sterilisation of medical equipment and in radiosurgery devices, is produced in nuclear reactors using cobalt targets in the form of pellets and slugs. Supply of the raw material has tightened since 2014, when there were disruptions to mining output and investors started to anticipate growing demand from the electric vehicle industry…Demand for medical equipment sterilisation is rising owing to innovation in the development of new medical and pharmaceutical devices, expanding availability of healthcare services globally, an ageing population and an increase in chronic diseases, US-based sterilisation provider Sotera Health said. Demand for sterilisation of single-use medical equipment has accelerated in 2020 owing to the Covid-19 pandemic…"We estimate that there is about 5pc less cobalt globally today than the market wants," Richard Wiens, director of strategic supply at Nordion, said recently…Sotera plans to use part of the proceeds of its IPO launched on 20 November to invest more than $100mn in several projects to increase Western cobalt-60 production capacity. 

Metal Bulletin - November 23, 2020
Commodities trader Trafigura and local government body Entreprise Générale du Cobalt (EGC) have penned an offtake agreement specifically ...
and supervising artisanal and small-scale mining of cobalt in the Democratic Republic of the Congo, by developing a responsible value chain,

Commodities trader Trafigura and local government body Entreprise Générale du Cobalt (EGC) have penned an offtake agreement specifically for the supply of artisanal cobalt in a deal designed to concurrently formalize the sector…This could make artisanally mined cobalt in the Democratic Republic of Congo (DRC) a more attractive prospect to multinational companies that demand greater supply chain transparency and wish to only buy cobalt free from child labor…It is the latest is a series of actions taken by companies in the cobalt supply chain to invest in the artisanal sector to professionalize it, securing jobs for locals who rely on artisanal mining for an income and simultaneously help remove child labor from the sector…Glencore, the world’s largest cobalt miner, earlier this year announced the creation of a body aimed at developing working standards in the artisanal mining sector called the Fair Cobalt Alliance. Two weeks later, it was joined by electric vehicle manufacturer Telsa…More than half of the global supply of cobalt comes from the DRC, with Glencore estimating that in 2019 about 11% of exported cobalt from the DRC was from artisanal mines.

European Commission - November 24, 2020
Thank you Melinda, and good morning everyone. It is a privilege to be speaking at such an important event, especially as we find ourselves ...
. But simply replacing internal combustion vehicles with electric equivalents will not do the trick. Electric cars still cause emissions: in

When we founded the European Battery Alliance in 2017, many people struggled to believe Europe could develop a globally-competitive battery industry, one which could rival and even outshine those in other parts of the world…The last three years, however, have shown us that it is not only possible, but fast becoming reality…Some 15 new battery cell plants – gigafactories – are being built across Europe, including in Italy, France, Germany, Hungary, Poland, Slovakia and Sweden. These plants will provide by 2025 enough cells to power at least 6 million electric vehicles…The scale of investment, necessary for achieving this, is enormous…But in the wake of the COVID-19 pandemic, it also represents an opportunity…And in NextGenerationEU, our historic 750 billion Euro recovery plan, which we presented together with a revamped long-term budget, we have a ready-made tool to seize this opportunity…This instrument will be crucial as we accelerate the twin green and digital transition, and investment in batteries can help drive our recovery as well as long-term resilience…However, investment is not only needed for battery cell production, but for the whole value chain, including: extraction and processing of critical raw materials…manufacturing of materials necessary for battery cell production such as cathodes, anodes, and separators…and end-of-life treatment and recycling facilities…We will deliver on our commitment by bringing forward a proposal (next month), which will ensure that only the greenest and safest batteries make it onto the EU market…Our proposal will provide for a comprehensive framework that is ambitious on transparent and ethical sourcing of raw materials, carbon-footprint of batteries, and recycling…Yesterday, I spoke at the kick-off event for the European Raw Materials Alliance, which is aimed at strengthening the security of our raw materials supply chains, while ensuring sustainability and social responsibility standards…To achieve this, we must not only build strategic partnerships, but also increase domestic sourcing, support innovation for alternatives, and mainstream circularity…With the first investment cases already emerging across 14 Member States, this will be one of our top priorities in the coming months and years.

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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