March 2021

INTERVIEW: DRC artisanal mining standard reopens door for financing banks, Trafigura exec says

The launch of the first responsible sourcing standard for artisanal cobalt mining in the Democratic Republic of Congo (DRC) has reopened the door for financing banks previously unwilling to invest in the sector, the head of corporate responsibility at Trafigura said.

Nickel sulfate supply chain dynamics in focus

As global demand for electric vehicles (EVs) increases, the focus on battery technology and the challenges relating to production costs, sustainability and performance becomes more acute.

China’s nickel sulfate price falls further amid weak LME nickel price

The Chinese nickel sulfate price continued its downtrend in the seven days to Friday March 26, with the weak LME nickel price reviving interest in nickel briquettes, sources told Fastmarkets.

AVZ signs spodumene offtake agreement with Yibin Tianyi

Australia-listed AVZ Minerals has signed a strategic long-term offtake partner agreement with Chinese lithium producer Yibin Tianyi Lithium Industry, the company said on Tuesday March 30.

AT A GLANCE: Huayou Cobalt’s revenue climbs 12.4% in 2020

A summary of China-headquartered Huayou Cobalt’s 2020 annual report, released by the company on Tuesday March 30.

First Cobalt signs five-year cobalt sulfate deal with Stratton

First Cobalt has entered a five-year offtake agreement for Stratton Metals Resources to market cobalt sulfate from its refinery in Ontario, Canada, it said on Monday March 29.

Ambatovy to restart production of cobalt briquettes 'imminently'

Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year’s absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29.

CHINA COBALT SNAPSHOT: Rising futures support metal prices despite thin buying, sulfate still under pressure in slow market

Key data from Fastmarkets’ pricing session in China on Friday March 26.

COBALT SNAPSHOT: Metal prices fall again, prompting buying interest among traders

Key data from pricing session in London on Friday March 26.

GLOBAL LITHIUM WRAP: Asian seaborne market firm on aggressive offers from China

Battery-grade lithium prices in both Asian seaborne and domestic China markets were firm this week, with the former receiving aggressive offers from Chinese suppliers, market participants told Fastmarkets.