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Xerion Advanced Battery Corp. is about to commission a 50-tonne cobalt production unit in Dayton, Ohio, part of its strategy to scale early annual output to 2,000 tonnes.
Backed by the German government and armed with decades of commodities trading experience, Securing Energy for Europe (SEFE) is moving into metals with a deliberate, risk-managed strategy designed to bridge the worlds of energy and industry, a company executive has said.
The US Defense Logistics Agency has canceled its contract opportunity to purchase up to 7,500 tonnes of alloy-grade cobalt due to unresolved issues with the statement of work. The cancellation comes amid a sharp rise in cobalt prices, with the agency indicating the solicitation will be reissued once the issues are resolved.
China’s CMOC Group is pursuing measured growth and global expansion amid geopolitical and market uncertainties, with a focus on copper and gold and an emphasis on maintaining commercial independence and adaptability.
The DRC’s export quota system has tightened cobalt supply, driving price volatility and prompting shifts in sourcing strategies across the global market.
LME Week 2025 opens for the lithium market amid rising uncertainty over China’s new export controls on battery materials, and a shifting outlook for domestic supply from lepidolite and salt-lake projects
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