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
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
