Global Cobalt Moves In On High-Grade Project in Idaho Cobalt Belt

Global Cobalt Moves In On High-Grade Project in Idaho Cobalt Belt

Global Cobalt announced on Monday that it had secured a lease agreement - including an option to purchase - for the Iron Creek cobalt-copper property, located in the prolific Idaho Cobalt Belt. Certainly, the Canadian exploration and development company is getting its hands into multiple geographical pots.

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Company News

Chinese Cobalt Producer Galico Addressing Cash Flow Issues

Metal Bulletin reported that management at Zhejiang Galico Cobalt & Nickel Material Co. Ltd., a Chinese cobalt producer, is interested in selling a stake in the company due to cash flow issues.

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Market News

Jinchuan Output Cut May Boost Cobalt Prices

Metal Bulletin reported that due to maintenance, China's Jinchuan Group International Resources Co. Ltd. (HKEX:2362) will reduce its cobalt output by half this month.

LG Chem to Challenge Tesla Electric Car Battery

The Wall Street Journal reported that leading battery maker LG Chem Ltd. (KRX:051910) is creating an electric car pack that "extends the range of most vehicles on the road today, but at a similar price."

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