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Cobalt Miners News For The Month Of January 2024

Cobalt Miners News For The Month Of January 2024
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EY's Baldwin says rationale for break up remains

Breaking up EY into separate consulting and auditing companies would have increased growth potential, although there are no plans to revive the plan in the short term, EY s global managing partner. -January 16, 2024 at 03:30 am EST - MarketScreener

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EY's Baldwin says rationale for break up remains By Reuters

EY's Baldwin says rationale for break up remains By Reuters
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Most cobalt producers loss-making after 2023 price slump - ERG

DAVOS, Switzerland : Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, chief executive at metals miner Eurasian Resources Group (ERG), said on Tuesday.Chinese-owned companies are aggressively expanding cobalt mining in

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Reuter-global-markets-forum

Most cobalt producers loss-making after 2023 price slump

Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, chief executive at metals miner Eurasian Resources Group (ERG), said on Tuesday. Chinese-owned companies are aggressively expanding cobalt mining in Congo and Indonesia despite the price drop, as they strive to gain market share in the metal used in electric vehicle (EV) batteries. ERG, 40% owned by the Kazakh government, has assets in Kazakhstan, the Democratic Republic of Congo and Brazil producing cobalt, copper, aluminium and ferroalloys.

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