Hot News in this Week

Sep 19, 2025

Congo's surge in cobalt supply, responsible for 80% of global output, has led to a historic low in prices at the start of 2025, while copper production in the DRC is rising fast, leading to a near 40% jump in the country's co-product cobalt output in 2024. Despite a four-month ban on exports and an extension in June, the price of cobalt sulphate in China has surged over 90% higher than at the start of the year, with the value of sales weighted average cobalt contained in EV batteries back up above $70 per vehicle. The total size of the battery cobalt market in August reached an estimated $180.1 million, the highest since December 2022, and the value of terminal nickel, cobalt and manganese tonnes deployed in EVs sold around the world from January through August this year totalled $4.93 billion.
Source: www.mining.com

Ivanhoe Mines has started the second stage of its dewatering plan for the Kakula mine, with four high-capacity submersible pumps installed and commissioned on schedule, which will reduce the underground water level by approximately one meter per day and is expected to reach near the bottom of the Stage 2 dewatering shafts by the end of November.
Source: www.mining.com

First Atlantic Nickel (TSXC: FAN) announces expansion of RPM Zone within Atlantic Nickel Project, with new drill results confirming increased width and scale of awaruite mineralization. The Phase 2 drill program has intersected 495 meters of visibly disseminated awaruite over a 400-meter step-out, expanding the RPM Zone to 750 meters wide and 400 meters long, with mineralization traced to depths of up to 495 meters downhole.
Source: www.miningfeeds.com

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