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AVZ signs binding SC6 offtake agreement with major Chinese lithium converter Yibin Tianyi, supplier to CATL

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for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC). We are very pleased to conclude our discussions with Yibin Tianyi and to sign another binding offtake agreement for SC6 to a Chinese converter.

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Benchmark: China dominates Li-ion battery supply chain

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China dominates the global Li-ion battery supply chain to the extent that removing the country in favor of European or North American alternatives will be difficult, according to analysis by Benchmark Minerals Intelligence. Much of this is also sourced from Chinese-owned mines in the DRC.

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Cobalt Market Report: EVs become the major driving force for cobalt demand growth in 2021

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The Cobalt Institute’s Cobalt Market Report 2021 , prepared by CRU, confirms the role of cobalt as one the key commodities of the green future, due to the rapid growth of the lithium-ion battery market and a strong global uptake of electric vehicles. China remained the largest refiner of cobalt globally (72% of total primary production).

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DRC bans export of cobalt, copper concentrates

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Fastmarkets reported that the Democratic Republic of Congo (DRC) has banned the export of copper and cobalt concentrate. These have declined significantly over the recent years (with most Chinese importers now favoring intermediate feedstocks), but the quantities are still considerable.

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Benchmark: Falling lithium prices weigh on black mass prices in China

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However, process scrap makes up the majority of the global scrap pool in China, due to the large number of battery gigafactories in production. Cobalt prices have increased in China due to constrained supplies of cobalt hydroxide from the Democratic Republic of the Congo, due to logistical issues. Earlier post.) Lower lithium prices.

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Benchhmark report: cobalt’s price rises highlight shift to battery-driven pricing dynamics

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The transition to an hydroxide-dominated prevailing price becomes more evident when you look at the global supply outlook. But these high prices have remained as the demand outlook for 2021 strengthens, and fears begin to crystalize over long term availability, particularly from industrial Democratic Republic of the Congo (DRC) producers.

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BMW Group adopts new approaches for a more sustainable battery cell supply chain; focus on cobalt

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The BMW Group has now set itself the goal of enhancing the transparency of its battery cell supply chain and exploring options for model projects in the Democratic Republic of Congo. Although cobalt is not termed a conflict mineral, around 50% of global cobalt reserves are locatedin the DRC.

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