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Cobalt market news - the DRC to hike taxes on Congo cobalt miners. ERG says "cobalt boom ‘guaranteed’ for 7-10 years." (208-0)
Cobalt spot price news - Cobalt prices up again in January. "BMO Capital Markets expects current cobalt prices to double in the next two years." (54-1)
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)
Riva Resources Ltd (ASX:RIR) has entered into a binding agreement to acquire 100% of the Hylea Cobalt-Nickel-Platinum-Scandium Project from Providence Metals Pty Ltd. (2-0)
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)
Cobalt market news - Auto manufacturers have turned their focus to the raw materials needed to feed the EV boom. (54-1)
Cobalt market news - "China to ban sale of fossil fuel cars in electric vehicle push." (97-0)
Electric vehicles are being made with new lightweight materials -- aluminum, scandium, titanium, and the battery materials. (0-1)
Scandium demand and supply are hard to really determine at this point; however with the increasing need for light weight aluminum/scandium alloys, scandium demand may soar.
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."
Platina Resources’ (ASX:PGM) drilling has intersected significant scandium and cobalt intercepts at its Owendale project in central New South Wales.
Perth-based explorer Platina Resources has tapped investors for $7 million to fund ongoing work at its Owendale scandium-cobalt-nickel-platinum project in New South Wales.
Platina Resources (ASX:PGM) is well positioned to fast-track its cobalt and scandium project in New South Wales after receiving commitments to raise $7.1 million via a share placement at $0.135 each.
Platina Resources (ASX:PGM) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
Platina Resources (ASX:PGM) has completed an updated resource estimate for its Owendale cobalt and scandium project in central New South Wales.