The Democratic Republic of Congo, the top cobalt producer, is sounding out advice from international industry organizations over measures to raise the battery metal's price, including through potential export quotas.
Second, foreign direct investment provided China with ownership-influence over roughly 29% of its cobalt mine and intermediate imports in 2016—which may have reduced the exposure of China's refinery industry to supply risk from a net import reliance of 97% (on cobalt mine and intermediate materials) to an adjusted net import reliance …
Chinese imports of cobalt intermediate products and concentrates declined in 2020 following a shortage in supplies from uncertainty in main production hubs outside of China during the Covid-19 pandemic.
2 Unwrought cobalt, excluding alloys and waste and scrap; includes cobalt cathode and cobalt metal powder; may include intermediate products of cobalt metallurgy. 3 Includes cobalt acetates, cobalt carbonates, cobalt chlorides, and cobalt sulfates. 4 Estimated from gross weight. 5 Customs value. 6 Less than - unit. Source: U.S. Census Bureau.
It already produces about half of the world's nickel, and its share of global cobalt output will rise to almost 20% by 2030, from about 1% in 2021, according to Benchmark Mineral Intelligence.
The power crisis has also affected other mining companies operating in the DRC, such as Glencore, Ivanhoe Mines, and China Molybdenum. These companies have been forced to rely on expensive diesel generators, import electricity from neighbouring countries, or reduce their production levels.
China's monopoly over cobalt battery materials may imply a serious supply risk to non-Chinese battery producing and consuming industries—especially …
Chinese investment in Africa increased 114% last year, with a heavy focus on minerals essential to the global energy transition
Japan and other Group of Seven industrial nations depend heavily on China and a few other countries for imports of critical minerals. During the group's May summit in Hiroshima, G7 leaders agreed in the joint communique to work with developing nations to diversify the supply chain for critical minerals.
Globally, China controls 85-95% of this important mineral supply chain. From the colonial period to today, extractive mineral industries in African countries, like the DRC, South Africa and Zimbabwe, have exacted a high price on local communities in places where social and environmental safeguards are lacking or not enforced.
Chinese-owned companies are aggressively expanding cobalt mining in Congo and Indonesia even while prices crash, as they bid to raise market share of the metal used in batteries for the country's ...
Minerals like lithium, cobalt, graphite, copper, silver and zinc are essential for these technologies. The demand for critical minerals is expected to grow significantly in the coming years as the world transitions to a clean energy economy. The supply of critical minerals is ... China - Africa Program Officer, African Climate Foundation . Title:
China recently released trade statistics for May, showing the country's imports of crude cobalt hydroxide decreased significantly in the month, down by 64% from April and 61% y-o-y. This has ...
To counter China's head start in Africa, Washington must roll out "more vigorous commercial diplomacy with a keen eye toward building critical minerals partnership in Africa," the 76-page report said.
In this analysis, we estimate China's ownership-share of foreign production for cobalt mine and intermediate materials (in the year 2016), as well as the net import …
Only a tiny fraction of Africa's mineral reserves are processed on the continent, whereas China - the global leader in mineral processing - refines 73% of all cobalt, 40% of copper, 59% of lithium and 67% of nickel, said the SAIIA, a think tank.
manufacturers and suppliers of cobalt metal powder from around the world. Panjiva uses over 30 international data sources to help you find qualified vendors of cobalt metal powder.
In 2021, nearly 63 percent of the global cobalt imports based on value went to China. China's share of global cobalt imports had a monetary value of 4.28 billion …
Many of Africa's most mineral-rich states currently rely on China for a sizable margin of their exports.
For decades, Africa has allowed her critical minerals wealth to be exported raw, without a chance to benefit from the value of the finished product.
As global demand for critical rare earth elements rises, many countries have looked to Africa's abundant stores of cobalt, lithium, copper and other minerals vital to the manufacturing of modern technologies. China is among the largest players on the continent with billions invested in the African mining and mineral extraction sectors.
China will continue relying on the imported cobalt raw materials, especially from the DRC to meet the domestic demand. Additionally, the supply of cobalt from nickel-cobalt mines in …
China's net imports of cobalt mine and intermediate materials in thousand metric tons of cobalt content (left vertical axis) for years 2000–2016 (horizontal axis) with the percentage of China's cobalt material imports from the DRC (right vertical axis). HMI refers to hydrometallurgy intermediate.
In 2022, the world imports of "Cobalt ores and concentrates" exceeded $191 million (according to external trade statistics of 39 countries). It was $111 million in the previous year (according to merchandise trade statistics of 38 countries).
Cobalt Price in South Africa (CIF) - 2022. The average cobalt import price stood at $75,622 per ton in 2022, rising by 17% against the previous year.
The global cobalt supply chain is set to remain highly geographically concentrated in the coming years - in the DRC for mine production and China for …
China's growing demand for critical minerals, driven by its rapidly expanding economy and the global transition towards clean energy technologies, has actively led Chinese …
While previous resource conflicts have often been linked to fuel minerals such as oil, future resource conflict may revolve around nonfuel minerals that enable strategic emerging technologies. During a 2010 diplomatic dispute, China reportedly blocked exports of rare earth elements to Japan, thereby leveraging China's near …
China and the West could be on the precipice of a critical minerals trade war. The risk of losing access to key Chinese mineral exports has weighed on companies and governments worldwide since July 2023, when China launched its first tit-for-tat mineral export restrictions on gallium and germanium in response to US-led tech …
Africa is the site of a new battle for influence as Washington ramps up efforts to build an alternative critical minerals supply chain to avoid reliance on China. Beijing dominates the processing ...