May 2021

COBALT SNAPSHOT: Trading limited but market eyes Mutanda restart as bullish indicator

Key data from pricing session in London on Thursday May 20.

FOCUS: Narrow Asian lithium hydroxide price gap to persist in 2021, sources say

The battery-grade lithium hydroxide price in the seaborne Asian market has been mostly at parity with its peer in the domestic Chinese market during May, with the former closely tracking the latter amid overall tight spot availability in the region.

COBALT INSTITUTE CONF 2021: Welcomed EU battery legislation could go further - panelists

Market participants welcome European Union battery regulation but the policy could go further to cover the entire supply chain, not just sourcing, panelists said at the Cobalt Institute’s online event held on May 18-19.

COBALT INSTITUTE CONF 2021: China's batteries will have adequate recycled cobalt to meet EU circularity scrutiny - panelists

Battery materials producers in China will have enough recycled cobalt to meet the minimum threshold of the recycled material used in batteries as required by upcoming battery regulations in the European Union, panelists said at the annual Cobalt Institute conference.

COBALT INSTITUTE CONF 2021: Market maturity can help solidify cobalt’s battery future - panel

The cobalt market has started operating with more efficiency and transparency, which in turn, should make it easier to plan for battery-related demand, panelists said during the Cobalt Institute’s annual conference on May 18-19.

NEWSBREAK: Glencore’s Mutanda to gradually ramp up in 2022-2025

Glencore is to “gradually ramp up” its Mutanda copper-cobalt facility from care and maintenance to 20,000 tonne per year production of cobalt between the second half of 2022 through 2025, according to Ash Lazenby, cobalt trader at Glencore.

First Quantum to sell 30% stake in Ravensthorpe to Posco, mulls battery JV

First Quantum Minerals has entered into a binding agreement to sell a 30% equity interest in the Ravensthorpe nickel-cobalt operation in Western Australia to South Korean steelmaker Posco for $240 million in cash, the company said on May 19.

US to make up for lost time in transition to low-carbon world, Yellen says

The United States plans to “make up for lost time” in the battle against climate change by developing new technologies and investing in the products that will drive the transition to a global, low-carbon economy, according to the country’s Treasury chief, Janet Yellen.

China's EVE Energy sets up nickel-cobalt-manganese jv with BTR, SK Innovation

EVE Energy Co will construct a new nickel-cobalt-manganese (NCM) operation in China in a joint venture with two partners, the Chinese lithium battery producer said, to bolster its position in the upstream sector for battery raw materials.

COBALT INSTITUTE CONF 2021: Key questions ahead of the virtual conference

After a Covid-inflicted year out, the Cobalt Institute's annual conference is running its event virtually in 2021. While the usual sideline chatter will be largely absent, there are plenty of topics up for discussion, as Fastmarkets reporters outline here.