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Jervois Global ‘moderates’ Sao Miguel Paulista refinery restart; moves to re-align project portfolio
Australia-based cobalt and nickel supplier Jervois Global has opted to 'moderate' the pace of restart operations at its Sao Miguel Paulista (SMP) cobalt and nickel refinery in Sao Paulo, Brazil
August 21, 2023
·
By Alexander Cook
Insights
China’s automotive output, sales drop in July amid reduced buying in summer lull
China’s automotive output and sales both fell in July, on a month-on-month and year-on-year basis, because of reduced seasonal demand in the summer season and the higher base in July 2022, the China Association of Automobile Manufacturers (CAAM) said this week
August 17, 2023
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By the Fastmarkets team, Carrie Shi, Sybil Pan, Ruby Liu, Zihao Li, Zihuan Pan, Yiwen Ju
Insights
Correction to Fastmarkets’ South Korea NCM/NCA black mass prices cobalt, nickel payables
Fastmarkets has corrected its assessments of the black mass payable indicators, cif South Korea, for both nickel and cobalt, which were published incorrectly on Wednesday August 16 due to a back-end calculation error.
August 16, 2023
·
By Lee Allen
Insights
Launch of South Korean NCA/NCM black mass lithium payable assessment
Fastmarkets is launching an assessment of the lithium payable as part of its set of weekly price assessments for black mass, CIF South Korea, starting on Wednesday August 16.
August 15, 2023
·
By Lee Allen
Insights
Glencore considers stockpiling amid production cuts in slumping cobalt market
An oversupply of cobalt and a subsequent price slump have led to trader and producer Glencore considering stockpiling and curtailing production of the blue metal, the company said during its earnings call on Tuesday August 8
August 11, 2023
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By Justin Yang
Insights
Vale sells stakes in Energy Transition Metals business; deals must face Canada scrutiny
Brazilian miner Vale has signed a binding agreement with Manara Minerals of Saudi Arabia under which the latter will buy a stake in Vale Base Metals (VBM), the holding entity for the South American company’s Energy Transition Metals (ETM) business, it announced on Thursday July 27
August 7, 2023
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By Carrie Bone, Bruno Martins
Insights
Open consultation on methodology for cobalt hydroxide index
Fastmarkets invites feedback on a proposal to increase the publication frequency of cobalt hydroxide index 30% Co min, cif China, $/lb, from once per week to daily.
July 21, 2023
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By Alexander Cook
Insights
Tata Group’s UK gigafactory to produce cobalt and lithium-based batteries
Tata Group announced this week that it is to invest £4 billion ($5.2 billion) in a 40GW battery cell 'gigafactory' in the UK - producing both lithium and cobalt-based batteries for car manufacturers in the UK and across Europe
July 20, 2023
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By Sayaka Kurata
Insights
Rising cobalt prices spur demand for LCO black mass in Asia
Higher prices for cobalt metal have led to increased interest for assays of lithium cobalt oxide (LCO) black mass in Asia, sources told Fastmarkets on Wednesday July 12
July 14, 2023
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By Lee Allen
Insights
China plans state reserve tender to increase cobalt stockpile
China’s State Reserve Bureau (SRB) is planning to purchase a large volume of cobalt metal for its stockpile, market participants told Fastmarkets on Wednesday July 5
July 7, 2023
·
By Alexander Cook
Insights
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