Swiss trader Glencore’s profits halved in 2023 due to weaker energy and metals prices and production, according to the company’s full-year results released on Wednesday February 21

Payables for black mass in key Asian markets showed potential for more downside in the week ended Wednesday January 31, according to market sources

The emergence of a large oversupply in the cobalt market over the past 18 months has helped drive further evolution into how long-term supply agreements will be structured going into 2024

Fastmarkets proposes to increase and realign its listed brands for alloy-grade and standard-grade cobalt, in-whs Rotterdam, to reflect new developments in the market, and invites feedback on the following consultation.

Rare earth magnets are becoming the lithium and cobalt of electric motors, playing a critical role in delivering power, torque, and efficiency, while production increasingly shifts toward Europe and the US to meet rising EV demand, comply with new sourcing rules, and strengthen supply security.

This recommendation, along with others like promoting domestic battery recycling and research funding for alternative battery chemistries, is part of a larger strategy to enhance US resilience in strategic areas

South Korea will provide $29 billion in funding to help local electric vehicle (EV) battery producers diversify their supply chains over the next five years, the government said on Wednesday December 13.

Fastmarkets has launched daily inferred prices for black mass in South Korea and Europe, starting on Friday December 8.

Fastmarkets launches MB-CO-0024 cobalt mixed hydroxide precipitate payable indicator, % cobalt metal standard grade in-whs Rotterdam, CIF China, Japan, and South Korea and MB -CO-0025 cobalt mixed hydroxide precipitate, outright price, CIF China, Japan, and South Korea, $/tonne on Friday October 27.

Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.