• Home
  • Our Business
    • Corporate History
    • Leadership
  • Cobalt Mining
  • Key Projects
    • Cameroon
    • South Pacific
  • News
  • Contact
Geovic
  • Home
  • Our Business
    • Corporate History
    • Leadership
  • Cobalt Mining
  • Key Projects
    • Cameroon
    • South Pacific
  • News
  • Contact

News

What if China corners the cobalt market?

3/24/2018

0 Comments

 
THE ECONOMIST -- Cobalt derives its name from Kobold, a mischievous German goblin who, according to legend, lurks underground. For centuries it vexed medieval miners by looking like a valuable ore that subsequently turned into worthless—and sometimes noxious—rubble. Once again it is threatening to cause trouble, this time in the growing market for batteries for electric vehicles (EVs), each of which uses about 10kg of cobalt. The source of mischief is no longer in Germany, though, but in China.
It is widely known that more than half of the world’s cobalt reserves and production are in one dangerously unstable country, the Democratic Republic of Congo. What is less well known is that four-fifths of the cobalt sulphates and oxides used to make the all-important cathodes for lithium-ion batteries are refined in China. (Much of the other 20% is processed in Finland, but its raw material, too, comes from a mine in Congo, majority-owned by a Chinese firm, China Molybdenum.)
0 Comments



Leave a Reply.

    Archives

    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    January 2018
    January 2017

    Categories

    All

Home

Corporate History

Leadership

Cobalt Mining

​Cameroon Project

South Pacific Project

News

​
Contact

​Corporate Head Office

Geovic Mining Corp 
Unit 2-222, 2695 Patterson Road
Grand Junction CO 80506
United States
  • Home
  • Our Business
    • Corporate History
    • Leadership
  • Cobalt Mining
  • Key Projects
    • Cameroon
    • South Pacific
  • News
  • Contact