Results for tag: "Cobalt Mining"

In the context of mining, cobalt mining refers to the extraction of cobalt from the earth, which is principally achieved as a byproduct of nickel and copper mining. It is predominantly mined through both surface and underground methods. Cobalt is a relatively rare metal with specific properties that make it desirable in the production of high-performance alloys, rechargeable batteries, and as a catalyst in petroleum refining. The demand for cobalt is primarily driven by its use in battery production for electric vehicles and personal electronics, which has elevated its importance in the mining industry. The geographical distribution of cobalt mining is concentrated, with the majority of cobalt production coming from a handful of countries with sizable deposits. The cobalt mining market includes a range of players from large multinational mining corporations to smaller, specialized firms. Mining of cobalt often raises concerns regarding ethical and environmental issues, including the impact on local communities and the use of child labor. Consequently, the industry is facing pressure to improve its practices and supply chain transparency. Among the companies involved in the cobalt mining market are Glencore, Vale, China Molybdenum, and Eurasian Resources Group. These companies, with their diverse portfolios, manage various operations around the world and play a leading role in the extraction and supply of cobalt. Other significant players include Sherritt International Corporation and Jinchuan Group International Resources, which have established their presence in the cobalt market through strategic mining operations and investments. Show Less Read more