AZoNano reported that researchers have discovered that nano-sized crystals of cobalt oxide can effectively split water molecules, a process that is necessary for photosynthesis to occur.
Cobalt Market News Directory
Global Cobalt Corp. (TSXV:GCO) reported that Tesla Motors Inc.'s (NASDAQ:TSLA) planned GigaFactory, which is set to be the biggest battery factory in the world, will be positive for cobalt demand.
Metal Bulletin reported that in the next few weeks, the last annual long-term intermediate cobalt contracts between miners and Chinese buyers are likely to be signed.
New Zimbabwe reported that a Beitbridge Border Post customs clearing agent teamed up with two other men to steal a cobalt-containing truck from the Democratic Republic of the Congo. Christopher Chitauro, the truck's driver, was in the hospital with malaria at the time.
Roskill Information Services Ltd. announced the release of a new report titled Cobalt: Market Outlook to 2018. In the report, the firm notes that it expects the cobalt market to remain in oversupply until 2016; as a result, prices will likely be kept in check in the medium term.
The Wall Street Journal reported that in a bid to secure future cobalt supply, Japan Oil, Gas and Metals National Corp. (JOGMEC) has signed a 15-year contract with the International Seabed Authority under which it will have permission to explore 150 cobalt-rich crust blocks.
Metal Bulletin reported that according to Darton Commodities, in 2013, global production of refined cobalt came to a total of 84,500 tonnes. That's a 9.7-percent increase from the previous year.
BNamericas reported that Brazil's national geological service (CPRM) has submitted a plan to explore "a cobalt-rich ferromanganese crust in international waters" to the International Seabed Authority, located in Jamaica.
Metal Bulletin reported that Zambia produced 4,900 tonnes of cobalt during the first 10 months of 2013, up slightly from the 4,667 tonnes it put out during the year-ago period.
Metal Bulletin reported that although the Democratic Republic of the Congo's (DRC) planned ban on the export of copper and cobalt concentrates is scheduled to start on January 1, as yet no one seems to be worried.