BMW To Stop Purchasing Congo Cobalt In 2020/21 Spy Shoot

BMW To Stop Purchasing Congo Cobalt In 2020/21 Spy Shoot

Welcome to the June 2020 azure miner news. The accomplished ages saw azure prices hardly lower and a not so active ages for the azure producers but affluence of acceptable account from the azure juniors.

BMW To Stop Purchasing Congo Cobalt In 2020/21
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Bmw to stop purchasing congo cobalt in 1/1 | hero stocks | BMW To Stop Purchasing Congo Cobalt In 2020/21

As of June 19, the azure atom bulk was US$13.09/lb, hardly lower than US13.38/lb aftermost month. The LME azure bulk is US$28,850/tonne. LME Azure account is 602 tonnes, about the aforementioned as aftermost ages (603 tonnes). Added accommodation on azure appraisement (in particular, the added accordant azure sulphate), can be begin actuality at Benchmark Mineral Intelligence or Fast Markets MB.

Cobalt atom prices – 5-year blueprint – USD 13.09

Source: InfoMine.com

On June 16, Advance Account reported:

Top Azure assembly by country….. According to the latest US Geological Survey numbers, all-around accumulation decreased in 2019, bottomward hardly to 140,000 metric bags [MT] from 148,000 MT the antecedent year.

On June 19, Mining Weekly reported:

Electric agent assemblage to advance appeal for array metals admitting Covid-19. Although chastened as a aftereffect of Covid-19, appeal for array metals, including cobalt, lithium and copper, will abide able as a aftereffect of advance in the all-around electric cartage [EVs] market, business intelligence aggregation CRU UK cobalt, lithium and array markets arch analyst George Heppel said this week……However, Heppel acicular out that, interestingly, although the automotive bazaar as a accomplished had been hit adamantine by Covid-19, the EV area had absolutely had a few acceptable months, all things considered.

On May 25, Smart Aggregation reported:

Bill Gates and Richard Branson accept their architect on the mining area – and advance opportunities for startups abound. Among those arch the allegation are tech billionaires Bill Gates, Jeff Bezos and Richard Branson – all backers of technology armamentarium Breakthrough Energy Ventures [BEV]. Aftermost year, BEV abutting armament with barrier armamentarium a16z to advance in mineral analysis aggregation KoBold Metals and its chase for ‘ethical’ cobalt. The billion-dollar armamentarium was additionally active in adopting $20 actor in Series A allotment for Lilac Solutions, a mining technology aggregation focused on transforming lithium production.

On June 4, Reuters reported:

Australian, India, assurance collective accord on analytical minerals. The acceding focuses on means to admission mutual trade, advance and analysis and development in analytical minerals…… Australia is adorning its advance to accumulation minerals such as lithium and attenuate earths to cardinal barter ally afterwards it active several agnate agreements with the United States in the accomplished two years, best afresh in November. Assets Minister Keith Pitt said in a account that Australia has the abeyant to be one of the top suppliers of azure and zircon to India, actuality in the top three for all-around assembly of these minerals.

On June 15, Argus Media reported:

EV sales in 2020 to bout 2019 admitting Covid-19: IEA. Appeal for array metals such as lithium, nickel and azure will admission sharply. Appeal is additionally accepted to admission for added metals acclimated in drive trains such as attenuate earths and metals acclimated in charging stations, such as chestnut and steel.

Glencore [HK:805] [LSE:GLEN] (OTCPK:GLCNF)

On June 16, BNN Bloomberg reported:

Glencore Plc will advertise azure to Tesla Inc. for use in cartage actuality produced at new car plants in China and Germany, according to a actuality with ability of the matter. The accord could absorb Glencore bartering as abundant as 6,000 bags of the metal a year for lithium-ion batteries that ability electric cars. The acceding is in band with added contempo affairs the trading giant-cum-miner has struck, including a four-year accord in February to accumulation as abundant as 21,000 bags to array ambassador Samsung SDI Co. Ltd……Glencore aftermost year agreed multi-year affairs to advertise about 30,000 bags of azure to SK Innovation Co. and at atomic 61,200 bags to China’s GEM Co. BMW AG additionally agreed to buy azure anon from Glencore’s Murrin Murrin abundance in Australia.

On June 19, Glencore announced:

Investigation by the Office of the Attorney Accepted of Switzerland. Glencore has today been abreast by the Office of the Attorney Accepted of Switzerland [OAG] that it has opened a bent analysis into Glencore International AG for abortion to accept the authoritative measures in abode to anticipate declared bribery in the Democratic Republic of Congo currently beneath analysis by the OAG.

Katanga Mining [TSX:KAT] (OTCPK:KATFF)(To be affiliated into Glencore)

On June 3, Katanga Mining announced:

Katanga Mining completes amalgamation transaction. Pursuant to the Amalgamation, Shareholders added than Glencore International AG (“GIAG”) are advantaged to accept C$0.16 in banknote for anniversary pre-Amalgamation accepted allotment of the Aggregation (“Common Share”), for accumulated application of C$52,722,015.68. As a aftereffect of the Amalgamation, the Aggregation is now wholly-owned, anon or indirectly, by GIAG.

Note: In April 2020, it was appear that Glencore would booty Toronto-listed Katanga Mining private, with an action of C0.16 per share.

China Molybdenum [HKSE:3993] [SHE:603993] (OTC:CMCLF)

No account for the month.

Zhejiang Huayou Azure [SHA:603799]

On May 28, The Banking times reported:

China’s top azure ambassador halts affairs from Congo miners…..China’s better azure ambassador is to stop affairs from individuals in the Democratic Republic of Congo, accedence to burden from barter and rights groups anxious about adolescent labour in the country’s breezy mining sector……In December it was alleged alongside technology companies including Apple, Dell and Microsoft in a US class-action accusation filed on account of families of accouchement dead or afflicted while mining azure in the axial African nation……Most of the DRC’s azure is alien to China to be aesthetic and processed. Up to 20 per cent of its achievement comes from alone miners, who dig for the metal by duke afterwards assurance protection. Admitting the pullback, Huayou aims to aftermath 30,000 tonnes of azure this year, mainly from its automated mines in the DRC but additionally through recycling acclimated batteries.

Jinchuan Accumulation International Assets [HK:2362]

On June 18, Jinchuan Accumulation International Assets announced: “Poll aftereffect of the anniversary accepted affair captivated on 18 June 2020.”

Chemaf (subsidiary of Shalina Resources)

No account for the month.

GEM Co Ltd [SHE: 002340]

No azure accompanying account for the month.

Investors can apprehend added about GEM Co in my Trend Advance article: “A Look At GEM Co Ltd – The World’s Largest Array Recycling Company.”

Eurasian Assets Accumulation (“ERG”) – private

ERG own the Metalkol ability in the DRC area ERG processes azure and chestnut tailings with a accommodation of up to 24,000 tonnes of azure pa.

No account for the month.

Umicore SA [Brussels:UMI] (OTCPK:UMICY)

On June 15, Umicore SA announced:

EIB grants €125 actor accommodation to abutment Umicore’s European rechargeable array abstracts activities. Umicore has assured a € 125 actor accommodation acceding with the European Advance Bank [EIB]. The gain of the loan, which has a ability of eight years, will accounts allotment of Umicore’s advance in the cathode abstracts bulb in Nysa, Poland. Once completed, this greenfield bulb will accumulation the European operations of Umicore’s all-around array corpuscle and automotive customers.

On June 15, Umicore SA announced:

Umicore launches an alms of €500 actor in convertible bonds due 2025……The net gain of the alms will be acclimated for accepted accumulated purposes and to armamentarium Umicore’s cardinal developments in the areas of apple-pie advancement abstracts and recycling. This alms will added strengthen and alter Umicore’s allotment anatomy by complementing the €1.1 billion of medium- and long-term, fixed-rate clandestine adjustment debt anchored in contempo years.

Sumitomo Metal Mining Co. (TYO:5713) (OTCPK:SMMYY)

On June 12, Sumitomo Metal Mining Co. announced:

Towards the conception of a Solar Energy Society for 2050 alpha of initiatives based on a eyes co-creation affiliation with Tohoku University.

MMC Norilsk Nickel [LSX:MNOD] [GR:NNIC] (OTCPK:NILSY)

On May 31, MMC Norilsk Nickel announced:

Clean-up underway afterwards adventitious agent discharge at Norilsk nickel’s Heat and Ability Bulb №3…..HHP-3 is operated by Norilsk Nickel’s subsidiary, Norilsk-Taymyr Energy Aggregation [NTEC].

On June 19, MMC Norilsk Nickel announced:

Nornickel disposes of Honeymoon Able-bodied nickel activity in Australia. Nornickel……announces that through its Australian subsidiary, MPI Nickel Pty Ltd, it has entered into a absolute acceding with BHP Billiton Nickel West Pty Ltd (“BHP” or “the Buyer”), a wholly endemic accessory of BHP Accumulation Limited, to advertise its Honeymoon Able-bodied Nickel Activity (“the Project”) for an bearding amount.

Sherritt International [TSX:S] (OTCPK:SHERF)

On June 10, Sherritt International announced:

Sherritt announces amendments to its transaction to advance its basic anatomy and added noteholder support.

Conic Metals Corp. [TSXV:NKL] (CONXF)

Conic Metals was formed from the Azure 27 spin-out. Conic Metals offers ample acknowledgment to nickel and azure through an 8.56% JV absorption in Ramu, 11 ability investments, and an disinterestedness allotment of ~7% of Giga Metals Corporation (OTCQB:HNCKF).

No account for the month.

Investors can appearance my CEO account here.

First Azure [TSXV:FCC] (OTCQB:FTSSF)

No account for the month.

Upcoming catalysts include:

Investors can appearance the aggregation presentations here.

Jervois Mining [ASX:JRV] [TSX-V: JRV] (OTC: JRVMF) [FRA: IHS] (merged with eCobalt Solutions [TSX:ECS] (OTCQX:ECSIF))

On June 4, Jervois Mining reported: “Jess Birtcher appointed acting CFO, based in United States.”

Upcoming catalysts include:

Fortune Minerals [TSX:FT] (OTCQB:FTMDF)

On June 8, Fortune Minerals announced: “Fortune Minerals announces COVID-19 amount extenuative measures and resumption of Tlicho all-season alley construction.”

Investors can apprehend the latest aggregation presentation here.

Upcoming catalysts include:

Clean TeQ [ASX:CLQ] [TSX:CLQ] (OTCQX:CTEQF)

Clean TeQ has 132kt absolute azure at their Sunrise project.

On June 19, Apple-pie TeQ announced:

Clean TeQ Sunrise Activity Update……Project Execution Plan: The Aggregation has been advanced the Activity Execution Plan [PEP] in affiliation with Fluor Australia Pty Ltd, allotment of the Fluor all-around engineering accumulation headquartered in Irving, Texas. Costs Update: The partnering action the Aggregation has been running, with the abutment of Macquarie Capital, charcoal on-going. Although acceptable absorption has been bidding by a cardinal of parties through that process, and assurance beyond the EV accumulation alternation continues, to date the Aggregation has not been able to defended an advance accomplice for the Project.

Investors can additionally apprehend the latest aggregation presentation here.

Upcoming catalysts include:

2020 – Accessible added off-take agreements and activity funding/partnering.

Australian Mines [ASX:AUZ] (OTCQB:AMSLF)

On June 12, Australian Mines announced: “S&P Dow Jones indices announces June 2020 annual rebalance of the S&P/ASX indices.” Australian Mines was removed from the All Ordinaries Index.

On June 19, Australian Mines announced:

Sconi offtake sample assembly runs completed. Advanced array abstracts development aggregation Australian Mines Limited can affirm the assembly runs to accumulation battery-grade azure sulphate and nickel sulphate to abeyant offtake partners…..have been completed……the advancing negotiations to defended bounden offtake acceding [s] and costs for Australian Mines’ 100%-owned Sconi Cobalt-Nickel-Scandium Activity in Arctic Queensland, Australia. These negotiations abide to accomplish acceptable advance but are now accepted to extend into the added bisected of agenda year 2020, as a aftereffect of the disruption acquired by the COVID-19 pandemic.

Investors can apprehend my amend commodity here, my CEO account here, or appearance the latest aggregation presentation here.

Upcoming catalysts include:

Ardea Assets [ASX:ARL] (OTC:ARRRF)

In total, Ardea has 405kt of absolute azure and 5.46mt of absolute nickel at their KNP Activity abreast Kalgoorlie in Western Australia.

On May 28, Ardea Assets announced:

KNP R&D advances. Ardea Assets Limited [Ardea] is developing its Kalgoorlie Nickel Activity [KNP], starting with the flagship Goongarrie Nickel Azure Activity [GNCP] which is a “state-of-the-art” array metals and new technology minerals project. Innovative Analysis and Development [R&D] is a key colonnade of the metallurgical programs completed by Ardea. The affection of the KNP/GNCP analysis has been recognised with a $2 actor R&D Tax Offset actuality accustomed from the Federal Government Australian Tax Office.

Investors can appearance their latest aggregation presentation here, my amend Ardea commodity here, and CEO account here.

Upcoming catalysts include:

Cobalt Blue Holdings [ASX:COB] (OTCPK:CBBHF)

In total, Azure Blue currently has 79.5kt of absolute azure at their 100% endemic Broken Hill Azure Activity [BHCP] (formerly Thackaringa Azure Project) in NSW, Australia. LG International is an disinterestedness cardinal partner.

On June 2, Azure Blue published:

Australia’s befalling in the all-around azure industry – featuring Azure Blue…..The company’s architect are set on acceptable a avant-garde for Australia’s calm array industry through its Broken Hill azure activity in New South Wales. Broken Hill is advised to accomplish as both a azure abundance and refinery that produces battery-ready azure sulphate, which will accord the aggregation cogent advantages and ascendancy over its resource, according to Azure Blue arch controlling Joe Kaderavek. “We are alive collaboratively via a three-year affiliation with the Australian Government’s Approaching Array Industries Activity and aloft calm lithium, nickel and manganese producers to appraise whether Broken Hill azure can accumulation a approaching Australian array industry,” Kaderavek tells Australian Mining.

Upcoming catalysts include:

Havilah Assets [ASX:HAV] [GR:FWL]

Havilah 100% own the Mutooroo copper-cobalt activity about 60km west of Broken Hill in South Australia. They additionally accept the adjoining Kalkaroo copper-cobalt project, as able-bodied as a potentially ample adamant ore activity at Grants.

On May 26, Havilah Assets announced: “Havilah Assets Limited activities address for the 3 months concluded 30 April 2020.

On June 1, Havilah Assets announced: “REE collaborative analysis activity with University of South Australia.” Highlights include:

On June 5, Havilah Assets announced: “New Mutooroo azure resource.” Highlights include:

Note: Investors can apprentice added by account my commodity “Havilah Assets Has Huge Abeyant and/or my amend article. You can additionally appearance my CEO account here, and the aggregation presentation here.

Upcoming catalysts include:

Aeon Metals [ASX:AML](OTC:AEOMF)

Aeon Metals 100% own their Walford Creek copper-cobalt activity in Queensland Australia.

No account for the month.

For added information, you can apprehend my article: “Aeon Metals May Accept A World Class Chestnut And Azure Sulphide Ability In Northern Australia.”

Investors can appearance the latest aggregation presentation here.

Upcoming catalysts include:

GME Assets [ASX:GME][GR:GM9] (OTC:GMRSF)

GME Assets own the NiWest Nickel-Cobalt Activity amid adjoining to Glencore’s Murrin Murrin Nickel operations in the Arctic Eastern Goldfields of Western Australia. The NiWest Activity which has an estimated 830,000 tonnes of nickel metal and 52,000 tonnes of cobalt.

No azure accompanying account for the month.

Investors can apprehend a aggregation broker presentation here.

Cassini Assets [ASX:CZI] [GR:ICR] (OTC:CSSQF) – “To be acquired by OZ Minerals [ASX:OZL] (OTCPK:OZMLF)”

Cassini’s flagship is the West Musgrave Activity hosting over 1.0 actor tonnes of absolute nickel and 2.0 actor tonnes of absolute chestnut in resource. The aggregation has a buy in JV with OZ Minerals [ASX:OZL] (OTCPK:OZMLF) for West Musgrave in Western Australia. The aggregation additionally has several added able projects.

On May 28, Cassini Assets announced: “Yarawindah Ni-Cu-PGE Activity analysis update.” Highlights include:

On June 22, Cassini Assets announced: “OZ Minerals to admission Cassini Resources.” Highlights include:

Canada Argent Azure Works Inc. [TSXV:CCW] (OTCQB:CCWOF)

On May 28, Canada Argent Azure Works Inc. announced:

Canada Argent Azure releases beginning NI43-101 mineral ability appraisal for Castle East Robinson Zone…..Castle East is allotment of Canada Argent Cobalt’s 100%-owned, 78 sq. km Castle Property additionally featuring the Castle mine…..Zones 1A and 1B accept an boilerplate argent brand of 8,582 g/t (250.2 oz/ton) in a accumulated 27,400 tonnes of actual for a absolute of 7,560,200 Inferred ounces (silver) application a absolute brand of 258 g/t AgEq.

Source

On June 15, Canada Argent Azure Works Inc. announced:

Canada Argent Azure ramps up conduct at Castle East Discovery, closes $1.2 actor clandestine placement.

Canada Nickel [TSXV:CNC]

On May 27, Canada Nickel announced: “Canada Nickel announces addendum of capital area by 1.5 kilometres and East Area by 400 metres at Crawford Nickel-Cobalt-Palladium Project.” Highlights include:

Castillo Chestnut [ASX:CCZ]

No azure accompanying account for the month.

Investors can appearance my CEO account here, and an broker presentation here.

Barra Assets Ltd. (OTC:BRCSF) [ASX:BAR] / Conico Ltd [ASX:CNJ]

Barra is developing the Mt Thirsty project, which is a 50/50 collective adventure with Conico, to aftermath azure acceptable for the metal, actinic and array markets. Barra has two able gold projects in Western Australia.

No azure accompanying account for the month.

Investors can appearance the aggregation presentations here.

I am blessed to apprehend any account updates from commentators. Tickers of azure juniors I will be afterward include:

African Array Metals [AIM:ABM], Alloy Assets [ASX:AYR], Artemis Assets Ltd [ASX:ARV] (OTCPK:ARTTF), Auroch [ASX:AOU] [GR:T59], Azure Minerals [ASX:AZS] (OTC:AZRMF), Bankers Azure [TSXV:BANC] [GR:BC2] (NDENF), Blackstone Minerals [ASX:BSX], BHP (NYSE:BHP), Bluebird Array Metals Inc. [TSXV:BATT] (OTCPK:BBBMF), Brixton Metals Corporation [TSXV:BBB](OTC:BXTMD), Canadian International Minerals [TSXV:CIN], Carnaby Assets [ASX:CNB], Celsius Assets [ASX:CLA] [GR:FX8], Centaurus Metals [ASX:CTM], Azure Ability Accumulation [TSX:CPO], Cohiba Minerals [ASX:CHK], Corazon Mining Ltd [ASX:CZN], Cruz Azure [CSE:CRUZ](OTCPK:BKTPF), Cudeco Ltd [ASX:CDU] [GR:AMR], Dragon Energy [ASX:DLE], European Azure Ltd. [ASX:EUC], Aboriginal Quantum Minerals (OTCPK:FQVLF), Fuse Azure Inc [CVE:FUSE] (WCTXF), Galileo [ASX:GAL], All-around Energy Metals [TSXV:GEMC] (OTC:GBLEF), GME Assets [ASX:GME] (OTC:GMRSF), All-around Energy Metals [TSXV:GEMC] [GR:5GE1] (GBLEF), Hinterland Metals Inc. (OTC:HNLMF), Hylea Metals [ASX:HCO], Independence Accumulation [ASX:IGO] (OTC:IIDDY), Karora Assets Inc. (TSX:KRR) (OTCQX:KRRGF) (formerly RNC Minerals), King’s Bay Res (OTC:KBGCF) [TSXV:KBG], Latin American Resources, M2 Azure Corp. (TSXV: MC) (OTCQB: MCCBF), MetalsTech [ASE:MTC], Metals X (ASX:MLX) (OTCPK:MLXEF), Meteoric Assets [ASX:MEI], Mincor Assets (OTCPK:MCRZF) [ASX:MCR], Namibia Analytical Metals [TSXV:NMI] (OTC:NMREF), Pacific Rim Azure [BOLT:CSE], PolyMet Mining [TSXV:POM] (NYSEMKT:PLM), OreCorp [ASX:ORR], Ability Americas Minerals [TSXV:PAM], Panoramic Assets (OTCPK:PANRF) [ASX:PAN], Avant-garde Assets Limited [ASX:PIO], Platina Assets (OTCPK:PTNUF) [ASX:PGM], Quantum Azure Corp [CSE:QBOT] GR:23BA] (OTCPK:BRVVF), Regal Assets (OTC:RGARF), Resolution Minerals Ltd [ASX:RML], Sienna Assets [TSXV:SIE] (OTCPK:SNNAF), and Victory Mines [ASX:VIC].

June saw azure prices hardly lower and LME account about the same.

Highlights for the ages were:

As usual, all comments are welcome.

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Disclosure: I am/we are continued GLENCORE (LSX:GLEN), KATANGA MINING [TSX:KAT], NORSILK NICKEL (LME:MNOD), AUSTRALIA MINES [ASX:AUZ], FORTUNE MINERALS [TSX:FT], RNC MINERALS [TSX:RNX] , ARDEA RESOURCES [ASX:ARL], COBALT BLUE [ASX:COB], AEON METALS [ASX:AML], HAVILLAH RESOURCES [ASX:HAV], CASSINI RESOURCES [ASX:CZI], CONICO LTD [ASX:CNJ], FIRST COBALT [TSXV:FCC], POSEIDON NICKEL [ASX:POS]. I wrote this commodity myself, and it expresses my own opinions. I am not accepting advantage for it (other than from Seeking Alpha). I accept no business accord with any aggregation whose banal is mentioned in this article.

Additional disclosure: The admonition in this commodity is accepted in attributes and should not be relied aloft as claimed banking advice.

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