Glencore already owns more than 74 percent of Congolese copper and cobalt miner Katanga. Analysts say the commodities giant is looking to acquire the rest as Katanga plans to raise copper production to 300,000 tonnes a year by 2015.
Continued market volatility and opportunities for acquisitions were the take-away messages as heavyweight commodity producer and trader Glencore International Plc released its H1 results.
The United States has no domestic production – it is 100 percent dependent on imports for its supply of primary cobalt meaning that if developers want to continue using the mineral they will have to find new sources, like recycling existing batteries.
With the recent strong support for electric vehicles the
Mining Weekly.com reports that Minara Resources (ASX:MRE) says that a planned shutdown significantly cut nickel and cobalt production
Australia’s second-largest nickel miner, Minara Resources (ASX:MRE), reported that it aims to conduct and complete a plant maintenance shut down in October and kept its 2010 production guidance unchanged.