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
10 October 2024
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
30 September 2024
The oft-fragmented and disparate sector must find ways to speak with a collective voice and debunk the anti-CCS doublethink
26 September 2024
Norway claims world lead in commercial CO₂ transport and storage as project developed by TotalEnergies, Shell and Equinor stands ready to start injections in 2025
