A recent article by Bodo Albrecht highlighted Global Energy Metals Corporation (TSXV:GEMC).
The company bought the remaining stake in the Mutanda mine and increased its interest in Katanga mine.
Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF) has engaged PricewaterhouseCoopers Corporate Finance Inc. (PwCCF) as the company’s financial adviser to help secure financing for construction of the Nico cobalt-gold-bismuth-copper project in Canada. PwCCF has a global network of more than 2,500 professionals across 60 countries to provide in-depth execution and
What will happen to the cobalt market next year? Fortune’s Minerals Troy Nazarewicz provides some insight.
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By Pia Rivera
Metal Bulletin reported that cobalt powder producer Jingmen GEM–fully owned subsidiary of Shenzhen Stock Exchange-listed GEM Co. Ltd. (SHE:002340)–has acquired a 60 percent stake in Shu Powders. The acquisition creates cobalt opportunities for both companies.
Amnesty International claims to have traced cobalt used in batteries to mines where children are being paid a dollar a day to work in life-threatening conditions and are subjected to violence, extortion and intimidation.
By Nick Smith
Cobalt does not usually get much attention from investors. Recent news about Tesla’s (NASDAQ:TSLA) and worldwide demand for lithium ion batteries has driven the price of lithium and the companies producing and exploring for the resource to new highs. However, analysts and experts have been looking at the battery supply
By Jocelyn Aspa
Earlier this month it was announced that China Molybdenum would be purchasing Freeport McMoRan’s (NYSE:FCX) interest in its TF Holdings Limited for $2.65 billion.
Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) announced that it has received the final metallurgical test work report on bench test production of cobalt sulfate heptahydrate crystals suitable for the rechargeable battery sector produced from ore samples from Formation’s Idaho Cobalt Project.
Global Cobalt Corporation (TSXV:GCO) announce that all of the conditions precedent to the completion of the arrangement transaction amongst the Company, Global Energy Metals Corporation and Imperial Mining Holding Limited have been satisfied or waived and that the Final Order of the Supreme Court of British Columbia approving the transaction
Worries about cobalt supply were not quelled in the fourth quarter of 2015. Now questions remain over whether a significant shortage will hit the industry in 2016.
What’s the cobalt outlook for 2016? The Investing News Network spoke with industry experts including Chris Berry and Andrew Miller to find out.