The US Department of Defense has canceled its long-awaited plan to buy up to US$500 million worth of cobalt, a mineral vital ...

(Bloomberg) -- The world’s No. 1 cobalt miner is sounding the alarm over the shrinking role of the metal in electric vehicle batteries. Chinese company CMOC Group Ltd., which has been churning out ...

Congo’s export quotas have lit a fire under cobalt prices and spending on the battery material is up 51% year on year despite ...

In-country stocks have already built up since exports were halted in February. China's CMOC (603993.SS), the world's largest producer thanks to its huge Congolese copper-cobalt operations, reported ...

Cobalt mining in the DRC is marred by human rights violations, including child labor, driven by weak regulations and corruption. China's control over 70% of the global cobalt supply raises concerns ...

Since the plan was unveiled last month, prices of both the hydroxide and the refined metal have jumped over 20%.

The move, authorized by President Felix Tshisekedi, reflected frustration that although Congo produces three-quarters of the world’s cobalt, it is Chinese companies — not politicians in the capital ...

Purchases for state stockpiles are driving up prices of cobalt metal in China, creating a hefty premium over the rest of the world and encouraging local producers to add large amounts of production ...