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Excerpt from November 27, 2025, BMO Metals Brief: Still no DRC cobalt exports: The DRC is yet to authorise resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, reports Bloomberg from communication with ARECOMS, the country’s strategic mineral regulator. ARECOMS said it expects to complete the outstanding steps required for the restart of shipments shortly, with an announcement due “in the coming days”. The DRC initially suspended exports in February amid a time of record low cobalt prices in order to curb oversupply, with the regulator announcing in September that miners would be allowed to ship just over 18kt of material this year and up to 96.6kt in 2026 and 2027 – less than half the country’s production in 2024. Standard-grade cobalt prices have risen to $23.65/lb from a low of $9.98/lb in February, according to Fastmarkets. |
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MINING.com - November 26, 2025
Congo cobalt exports yet to resume after ban ends, watchdog says
Congo cobalt exports yet to resume after ban ends, watchdog says
The Democratic Republic of Congo is yet to authorize a resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, according to a government regulator…The Central African nation, which accounts for about three-quarters of global output of the metal, introduced strict export quotas on Oct. 16 to keep a lid on supply after exports restart. But mining companies are still waiting for permission to dispatch trucks laden with cobalt toward the border….ARECOMS said in September that miners would be allowed to ship just over 18,000 tons of the metal during the remainder of this year, and up to 96,600 tons a year in 2026 and 2027. The volumes permitted for each of the next two years are less than half the country’s production in 2024…When the ban was introduced, cobalt had dropped below $10 a pound, a level not breached for 21 years, bar a brief dip in late 2015, according to Fastmarkets data. But prices have more than doubled since then, while cobalt hydroxide — the main product exported from Congo — has jumped more than fourfold.
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Reuters - November 26, 2025
Summary Companies IRAdvocates alleges Apple uses conflict minerals from DRC and Rwanda Apple denies links to armed groups, has said ...
Summary Companies IRAdvocates alleges Apple uses conflict minerals from DRC and Rwanda Apple denies links to armed groups, has said ...
A U.S.-based advocacy group has filed a lawsuit in Washington accusing Apple of using minerals linked to conflict and human rights abuses in the Democratic Republic of Congo and Rwanda despite the iPhone maker's denials…Apple said on Wednesday it “strongly disputes” the latest allegations that the company is benefiting from forced labor and unsafe mining practices in Africa, calling the claims “baseless.”…An Apple spokesman said that 99% of the cobalt in Apple-designed batteries comes from recycled sources, and that this underscores the company’s push to cut reliance on mined material…A University of Nottingham study published this year found forced and child labour at Congolese sites linked to Apple suppliers, the lawsuit said…Congo, which supplies about 70% of the world’s cobalt and significant volumes of tin, tantalum and tungsten - used in phones, batteries and computers - did not immediately respond to a request for comment. Rwanda also did not immediately respond to a request for comment…Apple says 76% of cobalt in its devices was recycled in 2024, but the IRAdvocates lawsuit alleges its accounting method allows mixing with ore from conflict zones.
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R&D World - November 26, 2025
From left, Dr Benjamin M. Gallant, Dr Dominik J. Kubicki and Dr Shrestha Banerjee in front of a solid-state NMR instrument in the Molecular ...
From left, Dr Benjamin M. Gallant, Dr Dominik J. Kubicki and Dr Shrestha Banerjee in front of a solid-state NMR instrument in the Molecular ...
A UK research team has unveiled a soft, lead-free piezoelectric material that converts motion into electricity. Its efficiency is comparable to commercial lead-based ceramics, while being easier to process and far less toxic…The hybrid material, based on bismuth iodide, is described in a new paper in the Journal of the American Chemical Society. Researchers at the University of Oxford, the University of Birmingham and the University of Bristol developed the material, which generates an electric charge when it is pressed, bent or otherwise deformed. It can also move when an electric field is applied…Piezoelectrics sit inside autofocus systems, inkjet print heads, ultrasound transducers, car airbag sensors and an array of wearable and IoT devices that scavenge energy from motion. The global piezoelectric materials market is estimated at more than $35 billion and is growing, driven by automotive sensing, medical devices, industrial robotics and consumer electronics…The problem is that the workhorse material in this space, lead zirconate titanate (PZT), is roughly 60% lead by composition. That creates tension with tightening environmental and worker-safety regulations, especially as piezo devices proliferate. The new material contains no lead and can be made at room temperature rather than the roughly 1,000 C° processing temperatures often used for PZT ceramics…Piezoelectric research has often faced a trade-off. Rigid ceramics such as potassium sodium niobate (KNN) offer high efficiency but are brittle and difficult to process, while soft polymers such as PVDF are flexible but generate relatively weak electrical charges. The new halobismuthate helps bridge that gap, offering the mechanical compliance needed for next generation wearables while approaching the energy conversion performance typically associated with rigid, high temperature ceramics…Because the new material is processed at room temperature from solution, it could be compatible with flexible substrates and roll-to-roll manufacturing, which are attractive for wearables and large-area sensor sheets. It may also simplify integration with temperature-sensitive electronics or polymers.
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| Fortune Minerals In The Media |
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Fortune Minerals Limited - November 27, 2025
NICO Mine Site Fly-By
NICO Mine Site Fly-By
The NICO cobalt-gold-bismuth-copper critical minerals project (“NICO Project”) is comprised of a planned open pit and underground mine and concentrator in Canada’s Northwest Territories and a dedicated hydrometallurgical facility in Alberta where concentrates from the mine, and other feed sources, will be processed to value-added products. The NICO Project contains three critical minerals (cobalt, bismuth and copper) and more than one million ounces of in-situ gold as a countercyclical and highly liquid co-product to mitigate metal price volatility. Development of the vertically integrated NICO Project will strengthen North American critical mineral supply chain resilience and security, a priority for western governments that need to reduce their dependence on foreign entities of concern. The NICO Project will be a reliable producer of critical mineral products in a Tier 1 jurisdiction with supply chain transparency and custody control of the contained metals from ores through to the production of value-added critical mineral products.
Click on blue title to view the NICO Mine Site Fly-By
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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 www.sedar.com.
DISCLAIMER
Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.
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