US firm acquires huge Congolese cobalt miner, WSJ reports; Virtus Minerals buys one of the few major cobalt producers not already under Chinese control
The acquisition of a major Congolese cobalt producer by Virtus Minerals indicates a strategic move to secure critical supply amid rising global demand for cobalt, especially from the EV industry.
Third US aircraft carrier, USS George H.W. Bush, deploys to Middle East, WSJ reports
White House official on IRGC threats against US Cos. says US military prepared to curtail any attacks by Iran
US firm acquires huge Congolese cobalt miner, WSJ reports; Virtus Minerals buys one of the few major cobalt producers not already under Chinese control
CRUDE WRAP: WTI (K6) SETTLES USD 1.50 LOWER AT 101.38/BBL; BRENT (N6) SETTLES USD 3.42 LOWER AT 103.97
Hearing the sound of two explosions following a bombing of a site in Bushehr, Iran; intense shelling on Natanz; Shelling of Haqani Pier; Several explosions heard in Qazvin and Isfahan, Al Hadath reports
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This could signal further consolidation in the sector, potentially heightening competition with Chinese firms that currently dominate. The deal may also affect cobalt prices and dynamics in related commodities markets as stakeholders assess the implications of a more diversified ownership landscape.
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