TYB
Mining Cobalt News
Glencore
https://www.glencore.com
December 2019 - Contract for 6 Years 2020 - 2025 (2 more Years Left)
SK Innovation to secure significant volume of cobalt in long-term supply deal with Glencore
https://www.glencore.com/media-and-insights/news/sk-innovation-to-secure-significant-volume-of-cobalt-in-long-term-supply-deal-with-Glencore
SK Innovation has today signed a six year agreement with Glencore for up to c.30,000 tonnes of cobalt contained in hydroxide between 2020 and 2025.
SK Innovation commented:
“In signing this contract with the world’s largest producer of cobalt, SK Innovation has secured supply of a metal which is both core to battery production and in short supply. SK Innovation stands ready to produce the batteries required to meet the significant anticipated battery demand.
The electric vehicle (EV) battery market is growing fast and the total market size will be c.US$150bn in 2025, larger than the semiconductor market. Accordingly, cobalt demand will keep increasing. We assume global cobalt demand for EV batteries will be 32kt in 2020 and 92kt in 2025. With this contract, SK Innovation can produce batteries for 3 million EVs.
4 Years in and we have a Problem:
Glencore’s Mutanda mine to produce less cobalt on ore depletion
Depleting ore grades of cobalt deposits at Glencore’s Mutanda mine in Congo means the miner will produce up to 15% less a year of the battery metal, three sources with knowledge of the matter said.
The problem at Mutanda is shrinking oxide ore deposits on the surface. Glencore would have to invest in retrieving and processing the sulphide ores located below the surface, the sources added.
The London-listed miner is carrying out a feasibility study, which one of the sources said is expected to be completed soon, to assess how much it would need to invest and whether it will.
Glencore declined to comment.
However, further investments would increase costs of production at Mutanda at a time of weak cobalt prices.Cobalt metal priced at around $16 a lb has more than HALVED since June 2022, partly due to flagging demand from the electric vehicle sector.
Lower cobalt production from Mutanda will likely mean Glencore reduces its output guidance by 5,000 metric tons from 2024, two of the sources said. It expects to produce around 38,000 tons this year.
https://www.mining.com/web/glencores-mutanda-mine-to-produce-less-cobalt-on-ore-depletion-sources/
How do u Stop the News? Arrest the Source…
Police arrest man in connection with alleged Te Whatu Ora mass privacy breach of Covid vaccination data
https://www.nzherald.co.nz/nz/police-arrest-man-in-connection-with-alleged-te-whatu-ora-mass-privacy-breach-of-covid-vaccination-data/SF3KR4MIJRGXRPXMB22XND74D4/
Police have arrested a man in connection with a mass privacy breach of Covid-19 vaccination data.
It comes after Te Whatu Ora- Health New Zealand launched an employment investigation, accusing a health sector worker of spreading misinformation using government data about Covid-19 vaccines.
A 56-year-old man was arrested this afternoon in relation to the “unauthorised disclosure and misuse of data”, police said.
He is charged with accessing a computer system for dishonest purposes and will appear in Wellington District Court tomorrow.
“As the case is before the court, police cannot comment further,” police said.
A man believed to be a Te Whatu Ora staff member was interviewed on a New Zealand conspiracy theory site last week. He claimed he developed a database for the vaccine rollout and quoted from that work.
Former TV presenter and conspiracy theorist Liz Gunn took to X, formerly Twitter, this afternoon to report police surrounded the “whistleblower’s” house at 2.15pm and that an arrest was imminent.
A woman who lost both parents during the pandemic is furious people’s health data is being used to spread misinformation about the safety of the Covid-19 vaccination.
“The idea that these clowns [could be] using my loved ones’ deaths as so-called proof that the jab kills, when it simply doesn’t, is truly distressing to me.”
OVER THE TARGET
This is the 56 YO man in the attached video that they failed to include in the story…