This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
miles) offshore Congo. During the production test in the oil interval, the well flowed more than 5,000 barrels of oil per day at 36° API gravity. Eni has been present in Congo since 1968 and today has an equity production of 105,000 barrels of oil per day in the country. billion barrels of oil equivalent in place.
Demand for raw materials used in the production of electric car batteries is set to soar, prompting the UN trade body, UNCTAD (United Nations Conference on Trade and Development), to call for the social and environmental impacts of the extraction of raw materials, which include human rights abuses, to be addressed urgently.
Through this MOU, the United States will support the commitment between the Democratic Republic of Congo (DRC) and Zambia to develop jointly a supply chain for electric vehicle batteries.
Volkswagen says that it is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo (DRC) as well as the living conditions for people in the surrounding communities. Cobalt is an important raw material for the production of electric vehicle batteries.
The Democratic Republic of Congo produced 59% of the world’s cobalt. Other lithium-ion battery materials, such as nickel, have a more even distribution of production throughout the world. In 2017, Australia, Chile, and Argentina produced 91% of all lithium while the rest of the world supplied the remaining 9%.
As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. Cobalt is a key component in the production of batteries for the automotive and electronics industries.
High growth in demand for lithium batteries is spurring three-fold growth in mine production of lithium over the next four years, with 86kt of new lithium metal capacity coming on stream, according to data and analytics company GlobalData. After moderate growth in lithium supply between 2010 and 2017 of 6.4%
for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC). Under the offtake agreement, Yibin Tianyi will purchase up to 200,000t per annum of SC6 for an initial 3-year term following commencement of production with an option to extend for an additional two years.
Higher EV penetration reduces GHG emissions from fuel use regardless of the transportation energy transition, while those from fuel production are more sensitive to energy-sector decarbonization and could reach nearly “net zero” by 2040. —Zhang et al. (a) a) Annual demand and recycling potential with or without a second use. (a)
Glencore produces cobalt mainly as a by-product of copper mining in the Democratic Republic of Congo (DRC), but also as a by-product of nickel mining in Australia and Canada. Glencore is one of the world’s leading producers of cobalt; in 2020, Glencore produced 27.4 kt of cobalt at its assets.
These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products. West-Central Coastal Province, West Africa. —DRC Minister Didier Budimbu Ntubuanga.
Fastmarkets reported that the Democratic Republic of Congo (DRC) has banned the export of copper and cobalt concentrate. In 2013, after reversing the decision, the government put heightened taxes on cobalt concentrate exports in place.
Roughly 60% of mined cobalt is sourced from the Democratic Republic of Congo (DRC). They estimated supply from scheduled and unscheduled production as well as secondary production to range from 320 to 460 ktonnes. The paper is published in the ACS journal Environmental Science & Technology.
A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. Click to enlarge.
The vast majority of cobalt is mined in the Democratic Republic of Congo (DRC); three-quarters of this is then processed by China. This is supported by strong control of the midstream, with a near monopoly over anode production and more than three-quarters of cathode production.
Research groups from Iowa State University and the Salk Institute for Biological Studies have uncovered the function of three plant proteins, a discovery that could help plant scientists boost seed oil production in crops, thereby benefitting the production of food, biorenewable chemicals and biofuels. —Joseph Noel.
Michael Moats, professor and interim chair of materials science and engineering at Missouri University of Science and Technology, who says reducing carbon emissions from energy systems in the United States will increase the need for metal production by two to six times per kilowatt of energy production. —Michael Moats.
The cross-industry initiative “Cobalt for Development” has started trainings for twelve artisanal mining cooperatives in October in Kolwezi, Democratic Republic of Congo (DR Congo). —WEF, “Making Mining Safe and Fair: Artisanal cobalt extraction in the Democratic Republic of the Congo”.
The estimated value of US production of all industrial minerals in 2022 was $63.5 billion, which is about 65% of the total value of US mine production value. Crushed stone was the leading nonfuel mineral commodity domestically produced in 2022, accounting for 21% of the total value of US mine production. Critical minerals.
Glencore, one of the world’s leading producers of cobalt, produces cobalt mainly as a by-product of copper mining in the Democratic Republic of Congo (DRC), but also as a by-product of nickel mining in Australia and Canada. The Benchmark webinar was part of the Cobalt Institute Conference on 19 May 2021.
China Molybdenum (CMOC) , a leading cobalt and copper producer, recently started trial production from its 10k expansion project at the Tenke Fungurume Mine (TFM) in the Democratic Republic of Congo (DRC). TFM mainly produces copper cathode and cobalt hydroxide.
million tons of identified lithium resources, ranking the country 10 th in the world behind Bolivia, Argentina, Chile, the US, Australia, China, Congo, Canada and Germany. Other activities necessary for the full fulfillment of its purpose. According to the USGS, Mexico has 1.7
The NGO Pact works alongside local communities in nearly 40 countries to eradicate poverty, notably by making artisanal and small-scale mining formal, safer and more productive. This partnership responds to the will of the Government through its initiative for the defence and promotion of national artisanal production.
The Group is evaluating technical solutions offered by engineering firms BGRIMM Technology Group from China and Outotec from Finland, which will allow for the production of both NCM 6:2:2 and NCM 8:1:1 precursors depending on market conditions. The Group is planning to develop the plant in two phases.
The Democratic Republic of the Congo remained the largest source of cobalt supply, accounting for 74% of the global mine supply and 87% (15 kt) of annual growth.Output from the artisanal and small scale mining (ASM) sector is estimated to have increased to 14.5 kt in 2021, 12% of the DRC’s total supply.
The Cobalt Institute commissioned Roskill to look at the global trends in cobalt consumption, supply and production in 2020. Cobalt mine production (mainly in the DRC) as a by-product of copper mining results in the production of a Cu-Co concentrate. Source: Cobalt Institute.
At some mining sites, olivine is a waste product, stored in piles on the surface. Perhaps most interesting to the energy sector is the rarest of its products—hard-to-source nickel-manganese-cobalt hydroxide that is increasingly required for lithium-ion battery production. The process is elegant but not massively complicated.
This, coupled with better than expected demand for portable electronics applications, linked to home working, and mobility products such as eBikes, has seen the sentiment for the outlook for cobalt demand from the battery supply chain improve considerably from where it stood at the start of the pandemic in early 2020.
Cobalt is necessary for the production of the most common types of lithium-ion batteries used in electric vehicles. Annual cobalt production in the EU is around 2,300 tonnes, while demand is already about nine times higher. Rising prices may impact battery production. Cobalt prices have tripled between 2015 and 2018.
Benchmark Mineral Intelligence’s Cobalt Forecast now suggests that cobalt production in the country could increase more than thirty-fold this decade. This would bring Indonesia into second place for cobalt mining, after the Democratic Republic of Congo.
The Democratic Republic of Congo (DRC) is expected to be the source for approximately 69% of mined cobalt in 2020—i.e., These concerns will only increase as greater volumes of production are required to feed demand. Source: Roskill.
Respect and protection of human rights and of the environment, all the way from the mine to the finished product, are decisive in this respect, the company said. Our aspiration is very clear: we want our products to contain only raw materials that have been mined and produced without human rights violations. —Markus Schäfer.
billion to expand production capacity of its Tenke Fungurume mine (TFM) in the Democratic Republic of Congo (DRC). In July, the company started trial production from a 10k expansion at another site in the mine. China Molybdenum (CMOC) will invest US$2.51 Earlier post.). Mtpy for oxidized ores and 9.1 Mtpy for mixed ores.
Differences in battery materials and production techniques, including the location and energy mix of production, also affect the emissions profiles of different EVs. The supply chain is complex and subject to a number of potential bottlenecks where few countries or companies are responsible for dominant shares of production.
Ford is working with its international nonprofit and grantmaking partners to support and promote a pilot program that will empower women working in the copper and cobalt supply chains in the Democratic Republic of Congo (DRC). The Democratic Republic of Congo, a leader producer of cobalt, exported approximately 70% of global demand in 2020.
FREYR Battery, a developer of clean, next-generation battery cell production capacity, has become a member of the Fair Cobalt Alliance (FCA) to underscore FREYR’s commitment to developing a sustainable global battery industry. We are undergoing a major energy transition, moving from fossil fuels to battery-powered technology.
million tons of identified lithium resources, respectively, while Brazil, Congo, and Serbia each contain approximately 1 million tons. Among the other countries, identified lithium resources for Bolivia and Chile total 9 million tons and in excess of 7.5 million tons, respectively. China and Argentina total 5.4 million tons and 2.6
The transactional flow of Mintrax is based on COBC’s operational experience trading certified-conflict-free metals in the Democratic Republic of the Congo (DRC) and work with due-diligence program design firm BetterChain, as well as DLT’s deep-bench supply chain and logistics experience with IBM’s Hyperledger Fabric blockchain.
At present, the US relies on imports from nations such as China and the Democratic Republic of Congo for these critical materials. This leaves clean energy technology production at greater risk of disruption due to trade disputes, natural disasters, or armed conflicts.
The pilot is being tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle productions sites.
Tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites, the pilot will run until the end of 2021, with the roll-out of the final solution expected in 2022.
Cobalt is one of the key components in production of electrified vehicles and is used in significant quantities in high-voltage batteries for electric vehicles and plug-in hybrids. Investigations led by Amnesty International in 2016 highlighted linkage of cobalt production in the DRC to child labor.
Roughly 62 percent global cobalt output is found in the Democratic Republic of Congo. An executive from Ford said recently that automakers might feel compelled to invest directly in cobalt production over fears of securing adequate supply. “I
The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF).
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content