Cobalt processing is dominated by China
Trafigura joins US cobalt processing project
Commodities trader agrees with Evelution Energy to develop plant in Arizona to supply battery-grade cobalt to electric vehicle manufacturers
Commodities trading company Trafigura and battery materials processing firm Evelution Energy are working on a project to develop a solar-powered facility in Arizona that they say could meet 40pc of demand for battery-grade cobalt used in US electric vehicle (EV) production in 2027. Under a memorandum of understanding signed by the two companies, Evelution will start construction of the plant in 2023, with Trafigura involved in the sourcing of raw materials as well as the sales of cobalt sulphate and nickel sulphate produced by Evelution to the automotive sector. Trafigura is aiming to leverage its position as a leading trader in battery metals—including cobalt, nickel and lithium—to develop
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
