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Company News

Miner Sherritt May Commence US Exports

Sherritt International Corp. (TSX:S) may soon begin to export nickel and cobalt to the United States as the country moves to normalize relations with Cuba.

Geovic Axes Plans to Mine at Cameroon-based Nkamouna Project

Business in Cameroon reported that Geovic Cameroon plc, a subsidiary of Geovic Mining Corp. (TSX:GMC), has set aside plans to mine bauxite, cobalt and manganese at the Nkamouna project in East Cameroon's Lomié district.

Global Cobalt Completes Oversubscribed Non-Brokered Private Placement

Global Cobalt Completes Oversubscribed Non-Brokered Private Placement

Global Cobalt (TSXV:GCO,OTCBB:GLBCF) announced that it has completed an oversubscribed non-brokered private placement tallying $155,750. The company sold 3,115,000 units at a price of $0.05 per unit. Proceeds of the financing will be used for work on the company's Werner Lake project as well as its newly acquired Iron Creek cobalt project.

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Market News

Chinese Billionaire Aiming to Beat Tesla in EV Market

A recent report from Bloomberg suggests that Chinese billionaire Jia Yueting is aiming to build electric cars and hopes to surpass Tesla Motors Inc. (NASDAQ:TSLA) in terms of building a broadly available electric vehicle.

‘Battery Super-plants’ to Impact Graphite, Lithium and Cobalt

Analyst Simon Moores said in a Benchmark Mineral Intelligence report that Tesla Motors Inc. (NASDAQ:TSLA), LG Chem Ltd. (KRX:051910) and Foxconn Technology Co. Ltd. (TPE:2354) are all in the midst of building "battery super-plants for the electric vehicle (EV) market."

Has the Cobalt Price Reached its Floor?

Metal Bulletin reported that some market participants think the cobalt price may have reached its floor. The price of the metal has stabilized for the last two weeks.

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