Company Overview and News
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The Sconi resource estimate has 54,500 tonnes of contained cobalt with exploration upside. The Sconi project has recently secured 100% cobalt and nickel off-take. (5-0)
White Cliff Minerals Ltd (ASX:WCN) has adopted a dual strategy focused on advancing its Western Australian cobalt-nickel projects at the same time as its Kyrgyz Republic gold project.
The cobalt miners strangely fell in January following the lithium miners despite very strong cobalt price gains. (6-1)
Cobalt market news - the DRC to hike taxes on Congo cobalt miners. ERG says "cobalt boom ‘guaranteed’ for 7-10 years." (208-4)
White Cliff Minerals Ltd (ASX:WCN) has identified cobalt mineralisation during a review of data from its Coronation Dam project in Western Australia’s north-eastern Goldfields.
Cobalt spot price news - Cobalt prices up again in January. "BMO Capital Markets expects current cobalt prices to double in the next two years." (54-6)
Cobalt market news - "Electric vehicle revolution a rare investment opportunity as metals demand spikes." "BMW sees 10-fold jump in its need for battery materials by 2025." (63-1)
Cobalt miner news - Not a good month for Glencore/Katanga. eCobalt announced their FS results, and Clean TeQ changes their project name from Syerston to Clean TeQ Sunrise project. (42-0)
Zeta Resources is set to increase its position in Perth-based nickel company GME Resources to nearly 50 per cent following the acquisition of investment firm Axelrock for $50.1 million.
Investment company Zeta Resources has announced it is to purchase Axelrock, a move that will sizeably increasing its stake in three of holding company Axelrock’s subsidiaries: GME Resources (nickel-cobalt), Alliance Mining (gold and base metals) and Seacrest LP (oil and gas).
Cobalt market news - Auto manufacturers have turned their focus to the raw materials needed to feed the EV boom. (54-1)
The following slide deck was published by GME RESOURCES LTD ORD in conjunction with this event.
Cobalt market news - "China to ban sale of fossil fuel cars in electric vehicle push." (97-0)
Cobalt spot price news - Cobalt spot prices rise slightly to reach US$26.54 by June 21. "Market participants anticipate prices to increase by 20-24pc by the end of the year."
Cobalt spot price news - Cobalt spot prices rose strongly to reach US$26.31 by June 22.