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One of the biggest factors in President-elect Donald Trump’s landslide victory was his historic support from Hispanics. Almost single-handedly, Trump has remade the GOP into a multi-racial, working-class party. 

According to NBC exit polls, Trump won 46% of the Hispanic vote, a dramatic improvement over his 32% in 2020. He defeated George W. Bush’s previous Republican highwater mark of 40% in 2004.  

Trump won Hispanic men by 12 points. And he won the Florida Hispanic vote outright with 58%. Trump’s total in historically Democratic Starr County, Texas, which is 97% Latino, went from 19% in 2016 to 57% in 2024. 

Not even hardcore Republican partisans could have predicted this historic political realignment. Yet, I’ve long argued Hispanics’ values of faith, family, hard work and entrepreneurship make them a natural GOP constituency.  

In the words of Sen. Ted Cruz, ‘Our Hispanic communities aren’t just leaving the Democrat Party — they’re coming home to conservative values they never left.’ 

Two years ago, I wrote a book explaining how Hispanics are the biggest victims of big government policy and disproportionately benefit from free markets. Nowhere has this thesis proved truer than during the Trump and Biden-Harris administrations. 

Consider this striking statistic: According to US Census Bureau data, real median Hispanic household income grew $6,500 between 2017 and 2019, 10 times faster than between 2021 and 2023 under Biden-Harris.  

Hispanics ignored the campaign and mainstream media rhetoric calling Trump a racist and focused on the records of these administrations when casting their votes. 

Hispanic voters voice reasons why they left Democratic Party, support Trum

Latinos have been on the front lines of the American economic and social decay presided over by Biden-Harris. They were especially hurt by historic inflation because they are less likely to hold assets.  

The high gas prices of the last few years also impacted Hispanics who often make their living driving from job to job, in contrast to the elite laptop class who often work from home. 

Hispanics are also more likely to live in working-class neighborhoods where high crime and public disorder have reduced quality of life. The shoplifters, vagrants and menacing thugs don’t generally venture into the wealthy White suburbs. George Gascon, the pro-crime District Attorney in heavily Latino Los Angeles, lost his reelection bid.  

Cultural and faith issues also mattered. Hispanics are religious and were turned off by the left’s obsession with transgender issues. Trump’s closing ad, ‘Kamala’s agenda is ‘they-them,’ not you,” resonated with these voters. 

Republicans also had grassroots help. The Job Creators Network Foundation started the Hispanic Vote Coalition earlier this year to motivate Hispanics to vote their values. We went into Hispanic areas of swing states with Spanish advertisements, media and materials for small businesses, faith and community leaders. We found a receptive audience willing to engage in political issues and sick of being talked down to and taken for granted by Democrats. 

The question now is whether Republicans can consolidate and build on these gains among Hispanic voters. No doubt Democrats will make a strong push to recapture them in future elections. 

To do so, conservatives need to continue to engage with and reach out to this constituency with tailored messages between election cycles, not just during them. We need a permanent Hispanic engagement infrastructure to make these voters part of our coalition for the long term. 

The degree to which conservatives can accomplish this will determine whether Trump’s victorious, multi-racial GOP survives past his leadership. But, for now, welcome Hispanics to their new political home. 

 


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The Justice Department announced Wednesday that it is seeking to wind down two federal criminal cases against President-elect Donald Trump ahead of his second term. 

With two other cases outstanding and the legal jeopardy expected to diminish in the months ahead, here’s a timeline of Trump’s legal troubles after his first departure from the Oval Office. 

Federal cases

Classified documents case

Trump was indicted on 37 federal counts in June 2023 on charges stemming from Special Counsel Jack Smith’s investigation into the Capitol riot on Jan. 6, 2021. He pleaded not guilty to all charges.

Trump’s team initially requested a partial pause in light of the Supreme Court ruling in Trump v. United States, wherein the court held that a former president has substantial immunity from prosecution for official acts committed while in office, but not for unofficial acts. 

Judge Aileen Cannon eventually dismissed the case against Trump in July, finding that Smith was improperly appointed to the special counsel role under the Constitution’s Appointments Clause.

The Appointments Clause states, ‘Ambassadors, other public Ministers and Consuls, Judges of the Supreme Court, and all other Officers of the United States be appointed by the President subject to the advice and consent of the Senate, although Congress may vest the appointment of inferior officers in the President alone, in the Courts of Law, or in the Heads of Departments.’

Smith was never confirmed by the Senate.

Smith appealed the decision in August, with the filing reading, ‘The Attorney General validly appointed the Special Counsel, who is also properly funded.’

Election interference case

Smith filed another indictment in connection to his investigation against Trump in August 2023. He was indicted on four federal charges stemming out of the probe, including conspiracy to defraud the United States; conspiracy to obstruct an official proceeding; obstruction of and attempt to obstruct an official proceeding; and conspiracy against rights.

Trump pleaded not guilty to all charges and argued he should be immune from prosecution from official acts done as president of the United States. 

In July this year, the Supreme Court in its ruling on presidential immunity sent the matter back to a lower court, as the justices did not apply the ruling to whether or not former President Trump is immune from prosecution regarding actions related to efforts to overturn the results of the 2020 election.

Trump was indicted a second time in August. The new indictment maintained the previous criminal charges but narrowed the allegations after the Supreme Court ruling, clarifying Trump’s role as a current candidate and making clear the allegations regarding his conversations with then-Vice President Mike Pence in his ceremonial role as president of the Senate. 

The 165-page filing submitted by Smith, in which he laid out the case and alleged evidence he would use in an eventual trial against the president-elect, was unsealed in early October. Judge Tanya Chutkan ordered more documents to be open to the public later that month, just weeks before the presidential election. 

Trump’s team moved to dismiss Smith from the case in late October, arguing he was unlawfully appointed. 

State cases

Manhattan hush money case 

Manhattan District Attorney Alvin Bragg indicted Trump in 2023 on 34 counts of falsifying business records in the first degree relating to alleged hush money payments made during the 2016 presidential campaign. Bragg alleged Trump ‘repeatedly and fraudulently falsified New York business records to conceal criminal conduct that hid damaging information from the voting public during the 2016 presidential election.’

Trump pleaded not guilty to all counts. 

The president-elect was later found guilty on all counts, making him the first former president of the United States to be convicted of a crime. He appealed the decision.

His sentencing date was initially set for July 11, just days before the Republican National Convention where he was set to be formally nominated as the 2024 GOP presidential nominee. Judge Juan Merchan delayed the sentencing to Sept. 18 and once again to Nov. 26, after the presidential election.

Trump’s team requested the case be removed to federal court in October this year, citing the Supreme Court’s presidential immunity ruling and thus arguing he cannot be prosecuted for official acts he performed as president. Merchan is also scheduled to make a decision on Nov. 12 on Trump’s motion to vacate the case.

Georgia election case 

Trump was indicted in Georgia in August 2023 after a yearslong criminal investigation led by state prosecutors into his alleged efforts to overturn the 2020 presidential election in the state.

Trump pleaded not guilty to all counts.

In early 2023, Fulton County Judge Scott McAfee dismissed six of the charges against Trump, saying District Attorney Fani Willis failed to allege sufficient detail. It was then thrown into disarray when it was revealed Willis reportedly had an ‘improper affair’ with Nathan Wade, a prosecutor she hired to help bring the case against Trump. Wade was later removed.

The Georgia Court of Appeals paused the proceeding in June until it heard the case to disqualify Willis. The court also said it would hear Trump’s argument to have Willis disqualified on Dec. 5, a month after the election.

When reached by Fox News Digital for comment on the state of the president-elect’s legal cases on Thursday, the Trump campaign said, ‘The American people have re-elected President Trump with an overwhelming mandate to Make America Great Again.’

‘It is now abundantly clear that Americans want an immediate end to the weaponization of our justice system, so we can, as President Trump said in his historic speech yesterday, unify our country and work together for the betterment of our nation,’ campaign spokesman Steven Cheung said.

Fox News’ Brooke Singman, David Spunt and Jake Gibson contributed to this report.


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The incoming Trump administration should embrace a more muscular approach to counter China’s increasingly aggressive behavior in the Indo-Pacific and beyond. The stakes could not be higher. Absent a major course correction, Beijing will continue to make diplomatic and military gains at our expense and the risk of war will increase. 

By meddling in our elections, embedding itself in our national infrastructure, browbeating our allies, and continuing its massive military buildup, China has advanced its interests and diminished America’s credibility. The Biden administration’s muted response has served only to encourage further aggression. 

Consider, for example, China’s adventurism in the South China Sea. In addition to fortifying its manmade islands, which are now bristling with weapons, China has repeatedly rammed, fired lasers, and shot water cannons at Filipino fishermen and coast guardsmen operating in Filipino waters. 

China’s warships and fighters have also buzzed U.S. warships and aircraft well over 100 times in the past few years, according to the Pentagon’s most recent report on China. Yet this reckless behavior has elicited little more than furrowed brows and finger wags from U.S. officials.   

China continues to browbeat Taiwan with an unrelenting stream of menacing maneuvers aimed at coercion. The People’s Liberation Army has normalized such large exercises to the point that Taiwanese officials have expressed concern they could provide cover for an actual invasion. 

China’s aggression extends well beyond the Indo-Pacific region, even putting Americans at risk right here at home. China has already penetrated our key national infrastructure, such as pipelines and electrical grids with its cyber intrusions. In the event of conflict, China is ready to pounce with ‘low blows’ against our citizenry, according to FBI Director Christopher Wray.  

China’s provocations extended to our 2024 presidential election. The intelligence community recently publicized China’s efforts to hack into the phones of both presidential campaigns, including then-candidates Donald Trump and JD Vance. This comes on top of intelligence community revelations that China has actively sought to influence key congressional races with its influence operations, thus striking at the heart of our electoral process. 

The Biden administration has said precious little in response to these disclosures. This sets a bad precedent. Passive responses today will engender more aggression in the future, which will make outright conflict with China more likely.  

Trump visiting Pennsylvania farm to address China

The underlying problem is that the Biden administration has placed undue emphasis on ‘competition’ with China. This metaphor is seriously misplaced. Ping pong players ‘compete’ according to agreed-upon rules and gentlemanly norms of sportsmanship. Yet China is a rule-breaker that clearly has no interest in playing nice. Instead of playing games, Beijing seeks to refashion the international order in its image. 

The Biden administration has spilled rivers of ink explaining its theory of ‘integrated deterrence,’ which it announced with great fanfare with the release of its 2022 National Defense Strategy. For the most part, this was simply a repackaging of old ideas. China remains unimpressed and undeterred, as its catalogue of aggression indicates.           

Restoring deterrence requires a more robust U.S. approach – one that does not shy away from confronting China with targeted measures when and where necessary. Slapping China with tariffs is a good start. So is ramping up freedom of navigation exercises with U.S. warships in the South China Sea. Trump should also take any potential summit with President Xi off the table until China stops menacing Taiwan with its provocative exercises. 

To preserve the peace, the U.S. must also better prepare for outright conflict with China. This includes providing the military with the tools necessary to defeat the PLA quickly and decisively if conflict erupts. It means sharpening war plans and formulating strategies that target the Chinese Communist Party’s ability to control not only its military forces, but also its own people.  

China’s provocations extended to our 2024 presidential election. The intelligence community recently publicized China’s efforts to hack into the phones of both presidential campaigns, including then-candidates Donald Trump and JD Vance. 

All this will require more resources. Defense budgets that fail to keep pace with inflation will no longer suffice. Congress must increase defense spending on a sustained basis in real terms. 

Weakness invites provocation. Outdated notions of deterrence and competition no longer suffice to keep the dragon at bay. Military strength and political resolve are needed to reduce the risk of conflict.  

It is time to confront China. 


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Melania Trump also made history election night, becoming the second presidential spouse to serve two non-consecutive terms as first lady. She was already the second first lady born outside the United States. While President-elect Donald Trump works to put together the senior members of his administration, Mrs. Trump is doing the same for the East Wing with great intentionality.  

She told ‘Fox & Friends,’ ‘I have much more experience, much more knowledge. I was in the White House before. So when you go in, you know exactly what to expect. You know what kind of people you need to get.’ As stated in her best-selling memoir, ‘Melania,’ she has a ‘strong sense of duty to use [her] platform as First Lady for good.’ Her recent interviews all signal a secure, comfortable, and deliberate first lady who knows what she wants to achieve and understands the significance of legacy, with the advantage of having served four years before.  

Our incoming first lady is notably demure and mindful of the importance of her role despite the lack of positive media attention she received compared to many of her recent predecessors. Her bold support of children through her BE BEST initiative took her to dozens of events all over the U.S. and abroad, including several African countries, and a trip to the southern border to see the impact our immigration system has on children and families firsthand.  

She often used the hashtag #powerofthefirstlady to highlight important causes like the negative impact of opioids, which continues to be a major crisis today. Mrs. Trump has made it clear that focusing on the current and future needs of America’s children will be at the center of her second-term platform.  

Mrs. Trump proved her mastery of social diplomacy and imagery multiple times during her previous tenure in the White House, including her flawless execution of state visits. She made history by standing with President Trump on stage with the visiting heads of state and inviting their spouses to do the same during arrival ceremonies, something only previously choreographed by the Carter administration that has not happened since.   

Traditionally, presidential spouses are escorted to the side of the stage as the two heads of state address the crowd. This subtle yet meaningful change to a ceremony, which originated during the Kennedy administration, signaled to the world the importance and value placed on spouses and, notably, first ladies. 

While First Lady Melania Trump was not afraid to place her mark on entertaining at the White House, she ensured each event was meaningful and steeped in American history and tradition. Relationships with world leaders foster dialogue, understanding, respect and peace. Therefore, we should anticipate soft diplomacy through entertaining to continue and increase in a second Trump term. A royal state visit for King Felipe VI and Queen Letizia of Spain could be one of the first state visits President and Mrs. Trump hold during their second term, as the royals’ first planned visit to the U.S. was canceled due to COVID-19.  

Mrs. Trump will have the honor of serving as America’s hostess for the 250th anniversary of the signing of the Declaration of Independence. Like First Lady Betty Ford, who acted as hostess for events commemorating the American Bicentennial, 50 years ago, this significant anniversary of our relatively young nation, will come with much fanfare.  

So many heads of state came to pay tribute to America during the bicentennial, that a tent was erected on the South Lawn to ensure that tours of the White House were not curtailed. It would be a fitting tribute to the late Queen Elizabeth II, who was honored with a state dinner during the bicentennial, and to our special relationship with England for President and Mrs. Trump to invite King Charles II to attend a state dinner for his first state visit as king during our Semiquincentennial.  

As first lady, Mrs. Trump consistently and purposely showed her support for our armed forces with thoughtful gestures, such as selecting U.S. military musicians for entertainment at White House events, saying, ‘supporting our military is a fundamental belief of mine.’ The state dinner in honor of Australia included the largest gathering of premier military musicians for a state dinner at the executive residence, with over 150 members surrounding the guests in the Rose Garden of the White House.  

In 2018, Mrs. Trump also traveled into a war zone visiting the troops over the Christmas holiday. One can be certain that her continued support of the United States military is something that will be highlighted.  

Any careful review of First Lady Melania Trump’s first term would also include her immense pride in our nation and her appreciation for preserving the Executive Mansion. Mrs. Trump said it was her testament to preserving history, ‘contributing something lasting and beautiful to the American people, transcending politics and partisanship.’  

This preservation work included projects such as the renovation of the White House Rose Garden, the Queen’s Bedroom, the redesign of the rug in the Diplomatic Reception room (now on display for public tours thanks to Dr. Jill Biden) and replacing the historic Red Room’s Scalamandre silk wallpaper (that had faded to pink). Additionally, Mrs. Trump’s projects included things not regularly seen by the public, such as updating bathrooms, the doors of the private residence, the bowling alley and the total restoration of the White House Tennis Pavilion to name just a few.  

 

Mrs. Trump did not yet have the opportunity to design a Trump china service, which is a custom most two-term first ladies proudly continue at no cost to the taxpayer. She often preferred the Clinton China, the 200th Anniversary of President John Adams moving into the White House, gold-trimmed china, which has a White House motif for her entertaining. She could also create a 250th Anniversary crystal set to further commemorate the Semiquincentennial, since it is well known that the White House needs new crystal.  

The one constant for both Mrs. Trump and America is the White House itself, due in large part to the amazing Executive Residence staff that takes care of the President’s House and every first family that inhabits it. First Lady Frances Cleveland reportedly told the president’s footman, ‘Now, Jerry, I want you to take good care of all the furniture and ornaments in the house, and not let any of them get lost or broken, for I want to find everything just as it is now, when we come back again.’ 

As first lady, Mrs. Trump consistently and purposely showed her support for our armed forces with thoughtful gestures such as selecting U.S. military musicians for entertainment at White House events, saying, ‘supporting our military is a fundamental belief of mine.’ 

For First Lady Melania Trump’s return, many things will look the same; however, some things will be very different personally. Her beloved mother, who passed away earlier this year, will not be there with her. First son Barron Trump is now 18 years old and will be attending college and living in New York City. 

First Lady Lady Bird Johnson eloquently said, ‘This house is only on loan to its tenants, that we are temporary occupants, linked to a continuity of presidents who have come before us and who will succeed us.’ Like other United States first ladies, Mrs. Trump understands and appreciates the continuity of history, the importance of tradition, the value of preservation, and the power of the Office of the First Lady to be a positive, unifying office for good. 

It will be up to incoming First Lady Melania Trump to create the term and legacy she wants for herself, and every indication given shows she is fully prepared to make the Office of the First Lady exactly as she wants it to be.  


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Vice President Harris suffered a massive loss to President-elect Donald Trump this week, losing her campaign as Trump swept battleground and traditionally Republican states alike that catapulted him past the needed 270 electoral college votes. 

Harris’ truncated campaign cycle, which only launched toward the end of July after President Biden dropped out of the race and passed the torch to his VP, was marked by a handful of gaffes and missteps that haunted her efforts to court voters and became political fodder for Trump and his campaign. 

Fox News Digital examined Harris’ roughly 100-day campaign and compiled the vice president’s biggest campaign mistakes that likely cost her support at the ballot box. 

Harris declares she would not do anything differently than President Biden

Kamala Harris tells

In what was arguably Harris’ biggest campaign misstep, the vice president declared early in October while appearing on ‘The View’ that she could not think of an example of where she differed with President Biden on a policy decision or political position across the administration. 

‘If anything, would you have done something differently than President Biden during the past four years?’ 

‘There is not a thing that comes to mind,’ Harris answered.

Harris’ comment stands in stark contrast to how voters were feeling: They were unhappy with the current administration’s leadership.  

Preliminary data from the Fox News Voter Analysis, a survey of more than 110,000 voters nationwide, found that the majority of voters headed into the polls believing the country was headed in the wrong direction. 

Voters ahead of casting their ballots reported that the country was on the wrong track (70%, up from 60% who felt that way four years ago) and seeking something different. Most wanted a change in how the country is run, with roughly a quarter seeking complete and total upheaval.

‘Kamala Harris is more of the same,’ Vice President-elect JD Vance posted to X last month about Harris’ comment on ‘The View.’ ‘She admits it herself.’

‘This will be the nail in Kamala Harris’s coffin,’ The Federalist co-founder Sean Davis predicted last month. 

‘It reminds me of John Kerry’s ‘I voted for the $87 billion before I voted against it’ comment about Iraq war funding when he was fighting charges of being a spineless flip-flopper,’ he added. ‘That single comment ended his campaign.’

Harris accused of using ‘new accent’ during campaign events; ‘word salad’ gaffes 

Harris mocked for debuting

Harris was accused a handful of times of unveiling a ‘new accent’ while speaking to different voters across the country, including critics comparing her to a cartoon character at one point and a preacher at another campaign event. 

Harris traveled to the Church of Christian Compassion in Philadelphia last month, where she spoke to the predominantly Black congregants and telling them that in just nine days, voters will ‘have the power to decide the fate of our nation for generations to come.’

Harris cited the Book of Psalms in her remarks, including saying, ‘Weeping may endure for a night, but joy cometh in the mornin’. The path may seem hard, the work may seem heavy, but joy cometh in the mornin’ and church morning is on its way.’ 

Critics on social media pounced on clips of Harris quoting Psalms, saying she debuted a new ‘pastor’ accent, comparing her inflection to the late Rev. Martin Luther King’s oratory.

While speaking before union workers during a Detroit Labor Day rally, she was criticized for using an accent that was compared to ‘Foghorn Leghorn.’

‘Since when does the vice president have what sounds like a Southern accent?’ Fox News’ Peter Doocy asked White House press secretary Karine Jean-Pierre in September after her Detroit speech that was compared to the cartoon character. 

‘I have no idea what you’re talking about,’ Jean-Pierre replied.

How Kamala Harris suddenly developed a

‘Well, she was talking about unions in Detroit using one tone of voice, she used the same line in Pittsburgh, and it sounded like she at least had some kind of Southern drawl,’ Doocy pressed.

‘I mean, do you hear the question that you’re – I mean, do you think Americans seriously think that this is an important question?’ Jean-Pierre pushed back. ‘You know what they care about? They care about the economy, they care about lowering costs, they care about health care. That’s what they want to hear … democracy and freedom … I’m not going to even entertain some question about … it’s just … hearing it sounds so ridiculous. The question – I’m talking about the question – is just insane.’

Former Secretary of State Hillary Clinton, a native of Chicago, has also repeatedly been accused of employing different accents across her decades in the public eye, most notably for using a southern drawl.

Harris was also slammed for rambling ‘word salads’ during repeated public events, which the Trump campaign and critics frequently mocked. 

‘We need to guard that spirit. We have to guard that spirit. Let it always inspire us. Let it always be the source of our optimism, which is that spirit that is uniquely American. Let that then inspire us by helping us to be inspired to solve the problems that so many face, including our small business owners,’ Harris said, for example, in September while speaking to the Economic Club of Pittsburgh. 

‘I grew up understanding the children of the community are the children of the community, and we should all have a vested interest in ensuring that children can go grow up with the resources that they need to achieve their God-given potential,’ she said at the Congressional Hispanic Caucus Institute’s 47th annual Leadership Conference in Washington, D.C., in September. 

In another ‘word salad’ misstep just days ahead of the election, Harris said, ‘We are here because we are fighting for a democracy. Fighting for a democracy. And understand the difference here, understand the difference here, moving forward, moving forward, understand the difference here.’

Harris avoids the media for weeks, fails to hold a press conference 

Full interview: Vice President Kamala Harris sits down with Bret Baier in

Harris carried out her 107-day campaign without holding a single press conference, and she avoided sit-down media interviews for the first 38 days of her campaign before finally joining CNN for an interview. 

Trump held at least six news conferences in which he took questions from the media since the beginning of August. Harris held none, but did have a few informal press gaggles throughout the campaign.

The Harris-Walz campaign increased their media presence in the final weeks of the campaign, including Harris joining a CNN town hall and interviews with NBC News, Telemundo and CBS, in addition to several podcasts and local news stations. She also sat down with Fox News’ Bret Baier last month, which Baier described as a ‘contentious’ interview. 

Touted celebrity endorsements in campaign events 

Harris repeatedly leaned on celebrities during the campaign, including touting their star status for flash rallies. 

Harris held a rally last month in red Texas where she was joined by celebrities such as Beyoncé, Jessica Alba and Willie Nelson. Harris’ rally included an estimated 30,000 people as word spread that Beyoncé was slated to appear at the rally. The pop star officially endorsed Harris during her appearance but did not perform any songs.

Ahead of the rally, media outlets such as MSNBC reported Beyoncé would not only appear but would also likely perform at the rally. Beyoncé did not perform, sparking the Trump campaign to argue that Harris ‘lied’ about Beyoncé’s appearance at the rally in order to ‘build a crowd.’

In Pennsylvania, which was viewed as the state that would likely determine the outcome of the overall election, Harris held a bevy of events on her final day on the campaign trail. She was joined at rallies in Pittsburgh or Philadelphia by celebrities such as Cedric the Entertainer, Katy Perry, Andra Day, DJ Cassidy, Fat Joe and Ricky Martin and Lady Gaga. 

‘The other thing that makes me nervous, in 2016 we had a big star-studded event right on the edge of the election, and we lost the state,’ liberal political analyst Van Jones said on CNN ahead of the election, referring to Harris’ Pennsylvania rallies. 

Harris’ steady support from celebrities comes as voters reported that the economy and jobs were their most important issues heading into the election as inflation since 2021 has throttled Americans’ pocketbooks. 

Lackluster VP selection 

Tim Walz is an

After Biden’s exit from the race – as concerns mounted over his mental acuity and age – Harris simultaneously launched her campaign as well as her search for a running mate, combing through a list of high-profile Democrats and lesser-known allies before choosing Minnesota Gov. Tim Walz.

Democrats ultimately rallied behind Walz, but another choice, Pennsylvania Gov. Josh Shapiro, was viewed by many as the better candidate to get the Democratic Party across the finish line victoriously.

‘As a founding member of She Shoulda Picked Shapiro, I think it’s relatively clear now that she made a mistake,’ statistician Nate Silver told the New York Times ahead of Election Day. 

‘Pennsylvania seems to be lagging a little behind the other blue-wall states. Meanwhile, Walz was mediocre in the debate, and he’s been mediocre and nervous in his public appearances.’

Harris-Walz surrogate Lindy Li told Fox News senior White House correspondent Jacqui Heinrich from Howard University, where Harris held her election night party, that Shapiro would likely have aided the Harris campaign’s efforts to notch a massive victory. 

‘One of the things that are top of mind is the choice of Tim Walz as vice presidential candidate,’ Li said. ‘A lot of people are saying tonight that it should have been Josh Shapiro. Frankly, people have been saying that for months.’

Considering Pennsylvania’s battleground-state status, the popular first-term governor was viewed as a potential key for the Harris campaign to reach the coveted 270 electoral votes to lock up the election. Shapiro, who is Jewish, was also touted as a potential bridge for the Harris campaign to court Jewish voters amid backlash over her previous comments defending anti-Israel protesters who rocked college campuses last year during the war in Israel.

Pennsylvania ultimately voted for Trump and moved him across the finish line.

Fox News Digital’s Brian Flood and David Rutz contributed to this report.


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The tumultuous two years of the 118th Congress are likely to be capped by one more standoff over government spending.

House Majority Leader Steve Scalise, R-La., signaled to Fox News Digital that it was unlikely Republicans will move to kick fiscal 2025 federal funding discussions into the new year.

But he reiterated vows that House Republicans would fight against rolling all 12 annual appropriations bills into one large ‘omnibus’ package, setting up a possible showdown with Senate Democrats.

‘The ideal scenario would be we get an agreement for the remainder of the fiscal year,’ Scalise said.

He cited constraints on national security if Congress were to simply extend fiscal 2024 funding levels.

‘When you think about defense funding, it costs us money to have short-term funding bills when you cannot do long-term procurement, to buy the kind of long-range defense systems that we need to compete with China,’ Scalise said. ‘China is not operating on short-term spending bills, neither should we.’

Before recessing in September, House Republicans and Senate Democrats agreed to extend fiscal 2024 funding levels through what’s known as a continuing resolution (CR) to avoid a partial government shutdown at the end of the fiscal year on Sept. 30.

That bought congressional negotiators through Dec. 20 to hash out a deal.

At the time, several supporters of President-elect Donald Trump demanded that the CR run into the new year in the hopes a new Republican administration would take the reins, something opposed by senior GOP lawmakers and national security hawks.

If Republicans win the House in addition to the Senate and White House, Trump will have a say over how a GOP-controlled Congress handles spending in the fall next year. A number of House races remain undecided days after Tuesday’s general election.

Scalise also cited several other priorities, like the border crisis and extending tax cuts, that will take up much of the beginning of Trump’s term.

As for this year’s negotiations, however, both sides are still far apart.

House Republicans have accused Senate Democrats of slow-walking the process without having passed any of their own spending bills on the floor in a bid to force the GOP to swallow an end-of-year ‘omnibus’ with excess spending and little transparency.

Democrats have in turn criticized House Republicans’ spending bills, several of which passed the House floor, as pushing draconian cuts and conservative policies deemed ‘non-starters.’

‘We have a lot of conversations to have with our members about the best approach,’ Scalise said. ‘When we had left, we had already passed over 70% of the government funding bills through the House, and the Senate hadn’t passed any.’

‘We’re trying to get agreements on the individual bills. That’s why the House did our job … hopefully we can start getting those agreements when we return.’

Fox News Digital reached out to Senate Majority Leader Chuck Schumer, D-N.Y., about whether he anticipates an omnibus, which he has ushered through the Senate nearly every year he’s been majority leader, at the end of this year.

If an agreement is not reached by Dec. 20, the country could face a partial government shutdown just weeks before the new presidential administration.


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Kinross Gold (TSX:K,NYSE:KGC) reported its Q3 results on Tuesday (November 5), highlighting record free cashflow supported by debt reduction and key developments at its operatios.

The miner outlined quarterly production of 564,106 gold equivalent ounces, a year-on-year decline of 4 percent. According to the company, the decrease was largely due to planned lower output at certain mines.

The average realized gold price recorded by Kinross in Q3 was US$2,477 per ounce, up substantially from US$1,929 in Q3 2023. Notably, the firm’s margins rose to US$1,501 per gold equivalent ounce sold.

Operating cashflow came to US$733.5 million, while attributable free cashflow reached a record of US$414.6 million. On a year-to-date basis, Kinross’ attributable free cashflow stands at US$905.8 million.

Net earnings more than tripled to come in at US$355.3 million, or US$0.29 per share.

In a press release, Kinross CEO J. Paul Rollinson emphasized that because of the company’s operational and financial resilience, it remains on track to meet its annual production and cost guidance.

“We remain heavily focused on consistent operational performance, cost control, capital discipline and delivering on planned grades to generate value for our shareholders,” he added.

Additionally, Rollinson highlighted the company’s strengthened balance sheet through a significant reduction in its outstanding term loan balance, with US$650 million repaid on the US$1 billion loan in 2024.

Kinross highlights Q3 operational success

Kinross’ third quarter operational highlights include strong performances at several mines.

Tasiast, a mine located in Central-Western Mauritania, achieved high throughput rates and remains one of the company’s lowest-cost assets despite higher royalty costs due to the elevated gold price.

Meanwhile, Fort Knox in Alaska benefited from the start of production at the Manh Choh project, resulting in record grade and recovery levels, which significantly boosted cashflow. At the Paracatu mine in Brazil, production rose due to higher grades, though year-on-year output was lower due to mine sequencing.

The company also said it made substantial progress on its exploration and development initiatives, releasing a preliminary economic assessment (PEA) for the Great Bear project in September.

The PEA projects annual production of over 500,000 ounces with all-in sustaining costs around US$800 per ounce for the first eight years, supporting Kinross’ expectations of a high-margin, top-tier operation.

Exploration drilling at Round Mountain and Curlew is ongoing, with promising grades and widths reported, while the closure plan for Kinross’ advanced exploration program at Great Bear is under review by the Ontario Ministry of Mines, with early works construction expected to begin in the near term.

Kinross notes that as part of its dividend program, it has declared a dividend of US$0.03 per common share payable on December 12, 2024, to shareholders of record as of November 28, 2024.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 31 October 2024 (LU7 Completes Share Placement and Launches Entitlement Offer) (Announcement), it has now settled the first tranche of its share placement to sophisticated and professional investors (Tranche 1).

Highlights

– Successful settlement of Tranche 1 of the share placement to sophisticated and professional investors, raising $1.94 million

– Entitlement Offer to open to shareholders on 11 November 2024

– Tranche 2 of the Placement (subject to shareholder approval) is anticipated to be completed on or around 9 December 2024, raising $0.20 million

– Funds will be predominately used to further progress the Definitive Feasibility Study and the payment of the Becancour land option costs

Tranche 1 under the Company’s Placement comprised of 161,791,667 fully paid ordinary shares (Shares), which have been issued today under the Company’s existing capacities under Listing Rules 7.1 (15% capacity) and 7.1A (10% capacity). The Shares were issued at a price of A$0.012 per share, raising A$1,941,500. In addition, subject to shareholder approval, the Tranche 1 investors will be entitled to one new option for every share subscribed to, with an expiry date of 12 January 2026 and an exercise price of $0.03 (Options).

As detailed within the Announcement, the Company advised that it would be conducting an additional placement to sophisticated and professional investors, which will be subject to shareholder approval (Tranche 2), as well as a pro-rata 1 for 10 non-renounceable entitlement offer (Entitlement Offer). Investors under the Tranche 2 placement and Entitlement Offer will also receive options on the same term as the Tranche 1 investors.

Tranche 2 Placement

The Tranche 2 placement comprises of 16,666,667 shares, with the issue of such shares being subject to shareholder approval. The Company will seek shareholder approval at an upcoming general meeting, which is scheduled to be held on or around Monday, 9 December 2024.

Entitlement Offer

The Entitlement Offer will open on Monday, 11 November 2024 and has been made under a transaction-specific prospectus that was lodged with ASIC and ASX on 1 November 2024.

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

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Mike Davis, a staunch ally of President-elect Donald Trump, had some harsh words for New York Attorney General Letitia James during an appearance on ‘The Benny Show’ podcast on Thursday. 

‘Let me just say this to Big Tish James, the New York Attorney General … I dare you to continue your lawfare against President Trump in his second term,’ the founder of the Article III Project said. ‘Because listen here sweetheart, we’re not messing around this time. And we will put your fat a– in prison for conspiracy against rights and I promise you that.’ 

Davis warned James to ‘think long and hard before you want to violate President Trump’s constitutional rights or any other American’s constitutional rights.’ 

‘It’s not going to happen again,’ Davis said. 

James ordered Trump to pay a $454 million bond payment earlier this year as part of a civil fraud case brought against the former commander-in-chief. The New York AG accused Trump of overinflating the value of his assets to get better loans. 

Trump later appealed the ruling. His attorneys called New York Judge Arthur Engoron’s ruling ‘draconian, unlawful, and unconstitutional.’

After Trump’s electoral victory on Tuesday, James and New York Gov. Kathy Hochul vowed to fight back against any potential ‘revenge or retribution’ that may be coming their way now that President-elect Trump will be returning to the White House.

In his interview with Johnson, Davis also took shots at Fulton County Attorney General Fani Willis, who brought charges against Trump for his alleged efforts to overturn the 2020 election. 

‘[Fani Willis] is going to get disqualified from this case. This case will go to another district attorney in Georgia and no one in their right mind would bring this case again because it is not a crime to object to a presidential election,’ Davis said. 

Willis, a Democrat, won her bid for re-election on Tuesday, defeating Republican challenger Courtney Kramer. 

Willis made headlines just a month into her tenure, announcing in February 2021 that she was investigating whether Trump and others broke any laws while trying to overturn his narrow loss in the state to Biden. 

The case is largely on hold while Trump and other defendants appeal a judge’s ruling allowing Willis to continue prosecuting the case. 

Fox News Digital has reached out to the offices of James and Willis seeking a response to Davis’ comments. 

A former Supreme Court clerk and Senate aide, Davis has been suggested as a possible candidate for White House Counsel in the forthcoming Trump administration. 

Davis has dismissed these rumors, writing on X: ‘No, thank you. I want to serve as Viceroy.’ 


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Battery metal cobalt has been in focus in recent years for its role in lithium-ion batteries, bringing attention to the top cobalt producing countries.

One of the metal’s main catalysts is the electric vehicle roll out. The lithium-ion batteries that power electric vehicles and energy storage require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale.

Additionally, the metal is predominantly produced as a by-product of copper and nickel, two other metals that are important for the green transition.

However, supply growth in many of the battery metals has out scaled near-term demand, leading to a price pullback over the last two years. The cobalt market has trended downwards in 2024, with prices falling 10 percent from July to September.

As Roman Aubry, cobalt pricing analyst at Benchmark Mineral Intelligence, pointed out, Q3 cobalt values across all grades tracked by Benchmark Mineral Intelligence hit record lows unseen since 2017. The retraction was driven by prolonged weak demand and mounting surplus supply.

Investors interested in the sector should learn the top cobalt producers by country. According to the US Geological Survey, world production has increased significantly over the past two years. In 2023 total cobalt output topped 230,000 metric tons (MT), a large increase from 2022’s 190,000 MT, and a big jump from 2021’s 165,000 MT.

Read on for a closer look at cobalt supply and which countries lead in production.

1. Democratic Republic of Congo

Mine production: 170,000 metric tons

The Democratic Republic of Congo (DRC) is by far the world’s largest producer of cobalt, with 170,000 metric tons of production in 2023, accounting for roughly 73 percent of global production. The country has been the top producer of the metal for some time, and is likely to remain crucial to the cobalt market for the foreseeable future.

However, cobalt mining in the DRC is associated with rampant human rights abuses and child labor, due in part to the large presence of unregulated artisanal mining. Attempts have been made to regulate the DRC’s artisanal mining sector. But with hundreds of thousands of people relying on artisanal mining for income, eliminating it completely isn’t possible.

Efforts to date include the creation of a new state company, Entreprise Générale du Cobalt, to buy and market all artisanal cobalt mined in the DRC; it was set up in 2019 and struggled to make progress. However, in February 2024, it signed an agreement with state miner Gecamines for exclusive mining rights to five mining areas.

Aside from that, the Responsible Minerals Initiative, in cooperation with the Global Battery Alliance, has drafted a framework for a regulated artisanal mining sector. The DRC’s mines minister formally approved the ASM Cobalt Standard in 2022, and plans for assessing its effectiveness at pilot sites are being developed.

Outside the DRC’s artisanal mining sphere, cobalt is largely produced as a by-product of copper mines, including the Tenke Fungurume mine, owned by the CMOC Group (OTC Pink:CMCLF,HKEX:3993); Metalkol RTR, owned by Eurasian Resources Group and the KOV; and the Mutanda and Mashamba East mines, owned by Glencore (LSE:GLEN,OTC Pink:GLCNF). While the CMOC Group has ramped up cobalt production at Tenke Fungurume, Glencore has dialed back its production.

2. Indonesia

Mine production: 17,000 metric tons

Indonesia has ramped up production to become the second largest producer of the EV metal, with 17,000 metric tons of cobalt in 2023 compared to only 2,700 MT of cobalt in 2021. This rapid change was the result of an increase in investment in Indonesia’s battery metals supply chain, predominantly from Chinese companies, which moved in after Indonesia banned nickel ore exports in 2019. The country’s higher cobalt production has come from four new high-pressure acid leaching (HPAL) facilities that process ore to produce both nickel and cobalt in mixed hydroxide precipitate, which can then be exported.

The first two HPAL operations came online in 2021 as part of the existing Indonesia Morowali Industrial Park. The facilities were developed by QMB New Materials, a joint venture between Tsingshan Holding Group, GEM (SZSE:002340), CATL (SZSE:300750) and Hanwa (TSE:8078). As of late 2023, two others are also operating in the country — one run by Huayue, owned by Tsingshan and CMOC Group, and one run by Halmahera Persada Lygend, owned by Lygend Resources (HKEX:2245) and Trimegah Bangun Persada (IDX:NCKL).

In mid-2024, partners Eramet (EPA:ERA) and chemical producer BASF (OTCQX:BFFAF,FWB:BASF) decided against executing the planned US$2.6 billion Sonic Bay nickel-cobalt hydrometallurgical complex due to nickel market dynamics, including low prices and oversupply. Sonic Bay would have processed ore from the Weda Bay nickel mine to produce 7,500 MT of cobalt and 67,000 MT of nickel per year.

According to a market report released in May 2023 from the Cobalt Institute, Indonesia has the potential to increase its cobalt output 10 fold by 2030. In the same vein, data from Benchmark Mineral Intelligence indicates that Indonesia’s 2030 cobalt output will make up 20 percent of global production compared to 1 percent in 2021 and 5 percent in 2022.

While the market has been searching for an alternative to the DRC for its cobalt, both Indonesia’s nickel industry and this rapid build out come with their own environmental concerns.

3. Russia

Mine production: 8,800 metric tons

After rising in 2022, Russia’s cobalt production declined in 2023, falling from 9,200 metric tons to 8,800 metric tons. While the country’s cobalt reserves stand at 250,000 MT, Russia is still well behind the DRC in terms of production. Large Russian miner Norilsk Nickel produces cobalt and is among the world’s top five producers of the mineral.

With concerns about DRC cobalt running high, some automakers have been calling for increased electric vehicle battery production in Europe. There was hope that this push could boost Russia’s future cobalt production — however, that may now be out of the question while the country wages war against Ukraine.

In April 2022, the US hit Russian cobalt with a 45 percent duty that was set to expire on January 1, 2024. The sanctions on Russian and Belarusian cobalt were extended in June 2024, and in September the US imposed a 25 percent tariff on Chinese cobalt.

4. Australia

Mine production: 4,600 metric tons

As the DRC becomes increasingly challenging for miners and as investors try to divert their interests away from Africa, Australia is another country that’s receiving more attention — the island nation’s cobalt reserves are the second largest in the world at 1,700,000 MT.

Despite holding a large amount in reserves, Australian cobalt production contracted year-over-year from 2022 to 2023. After output spiked to 5,900 metric tons in 2022, cobalt production declined to 4,600 metric tons in 2023.

As is the case for many other countries on this list, cobalt is produced in Australia as a by-product of copper and nickel mining. The country’s nickel mines are located in the western part of the country, mostly around the Kalgoorlie and Leonora regions.

Additionally, the Australian government has been sending geologists to search for cobalt in mine waste, an effort that bore fruit when Queensland geologist Anita Parbhakar-Fox tested a copper mine waste sample that graded 7,000 parts per million cobalt.

The CEO of Australian company Cobalt Blue Holdings (ASX:COB,OTC Pink:CBBHF) described the discovery as a game changer to the Financial Times, estimating there could be up to 300,000 MT of cobalt in Australian mine waste.

Another important cobalt project in the country under Cobalt Blue is the Broken Hill project, which will allow for cobalt production on-site, rather than extracted as a by-product of nickel.

Broken Hill is planned to begin production in 2026, and is anticipated to have an output of around 4,000 metric tons of cobalt annually over a 20 year mine lifespan.

5. Madagascar

Mine production: 4,000 metric tons

Madagascar’s cobalt-mining industry produced 4,000 metric tons in 2023, up significantly from the 3,500 MT in 2022rebounded through 2021, putting out 3,500 MT in 2022, and 4,000 MT in 2023.

Much of the country’s cobalt production comes from the Ambatovy nickel-cobalt mine, owned through a joint venture by Japanese company Sumitomo (TSE:8053) and a Korean state-owned entity. The mine has faced production and profitability issues.

In August 2024, the companies submitted a debt restructuring plan to a London court. According to media reports, Sumitomo, the project’s major shareholder, has accumulated 410 billion yen in losses stemming from the project, including a 265.5 billion yen total impairment loss.

Most recently, in October, a pipeline moving ore from the mine to a processing and refining plant had to be shut down due to damage. While production began slowly ramping up at the end of the month, Ambatovy’s future remains uncertain.

6. Philippines

Mine production: 3,800 metric tons

The Philippines is the sixth largest cobalt producer in the world. The country’s cobalt production has remained steady over the last two years, coming in at 3,800 metric tons. The Asian country is also a top nickel producer.

The fate of mining in the Philippines was up in the air for a while as former President Rodrigo Duterte and former Environment Secretary Roy Cimatu called for a shutdown of all mines in the country based on environmental concerns. However, Duterte seemed to have a change of heart in early 2021, lifting a ban on new mine permits in an effort to boost revenues.

His successor, President Bongbong Marcos, has ordered the country’s Department of Environment and Natural Resources to enforce stricter guidelines and safety protocols on both small- and large-scale mines. He hopes to bring illegal mining operations into compliance so they can operate legally and with safer conditions for employees.

7. Cuba

Mine production: 3,200 metric tons

Cuban cobalt production fell in 2023 to 3,200 metric tons, down from 3,700 MT in the year prior.

The country’s Moa region is home to the Moa joint venture nickel-cobalt operation held by Canadian firm Sherritt International (TSX:S,OTC Pink:SHERF) and the General Nickel Company of Cuba.

Moa uses an open-pit mining system to produce lateritic ore, which is processed into mixed sulfides containing nickel and cobalt using HPAL. The country’s state-owned nickel miner is the sole operator of the Che Guevara processing plant at Moa.

8. New Caledonia

Mine production: 3,000 metric tons

New Caledonia, a French overseas territory in the Pacific Ocean east of Australia, is known for its mineral industry, primarily focused on nickel and cobalt mining. According to a 2019 USGS Mineral Yearbook report, nickel mining contributes roughly 7 percent of the country’s annual GDP.

Although cobalt production in New Caledonia has increased year-over-year, climbing from 2,000 MT in 2022 to 3,000 metric tons in 2023, the island nation’s primary cobalt producing mine has been embroiled in controversy.

The Goro nickel and cobalt mine, which was brought into operation by Vale (NYSE:VALE), has been impacted by weak nickel prices and electoral reform unrest. In 2020, Vale opted to sell the project as part of a broader company restructuring. The following year, Goro was acquired by Prony Resources New Caledonia consortium, a joint venture owned by New Caledonian entities and international commodities trader Trafigura.

Earlier in 2024, the mine was again making headlines when Trafigura Group declined to provide additional funding for Prony Resources Nouvelle-Calédonie, as part of a French government rescue plan for New Caledonia’s struggling mining sector.

9. Papua New Guinea

Mine production: 2,900 metric tons

Papua New Guinea has made the list of top cobalt producers by country for the sixth year in a row. In 2023, the small country off the coast of Australia produced 2,900 MT of cobalt as a by-product of nickel production, staying nearly flat with the previous year’s output of 3,000 MT.

The country’s main cobalt producer is the Ramu nickel mine near Madang, a joint venture between private company MCC Ramu NiCo, Nickel 28 Capital (TSXV:NKL,OTC Pink:CONXF) and the Papua New Guinea government.

A mid-October report from Benchmark noted that by 2030, Chinese companies are expected to control 85 percent of cobalt output from Papua New Guinea, enhancing China’s global share of mined cobalt supply to 46 percent.

10. Turkey

Mine production: 2,800 metric tons

Taking the tenth spot on the list is Turkey, which has seen its annual cobalt output rise from 2,100 MT in 2022 to 2,800 metric tons in 2023. The nation also boasts large reserves totaling 91,000 MT.

A 2021 report from the British Geological Survey, underscored the importance of Turkey’s cobalt potential amid the energy transition, noting “the greatest cobalt resource potential lies in laterite deposits in the Balkans and Turkey and in magmatic and black shale-hosted deposits in Fennoscandia.”

It went on to point out that in the Balkans and Turkey, 27 nickel laterite deposits are known to contain cobalt in significant quantities, with several deposits holding over 10,000 MT of cobalt metal. Currently, only nickel is extracted from these deposits, but advancements in processing technologies like high-pressure acid leaching may allow for cobalt recovery in the future.

In September 2024, the planned expansion of the Meta nickel-cobalt mine in Gördes sparked local resistance. Community members raised concerns that the project was destroying forests, draining water and harming agriculture. The mine is one of only a few nickel mines in Europe, making it important to the EU’s ability to meet European demand for electric vehicle battery materials.

FAQs for cobalt production

What is the most common source of cobalt?

As cobalt is only found in a chemically combined form, it must be separated from mined ore. Most commonly, cobalt is produced as a by-product at copper or nickel mines. According to Benchmark Minerals, currently three-quarters of cobalt is produced from copper-primary mines and 25 percent is produced from nickel-primary mines. The agency forecasts that by 2030, cobalt production from copper-primary mines will fall to 57 percent, while that from nickel-primary mines will rise to 41 percent.

How rare is cobalt on Earth?

Cobalt is the 32nd most common element on Earth, according to the Cobalt Institute, meaning it isn’t particularly rare. However, only a handful of countries have cobalt reserves over 300,000 MT, with the DRC coming in first place at 4 million MT, Australia in second at 1.5 million MT and Indonesia coming in third place with 600,000 MT. In fact, the DRC has higher cobalt reserves than the rest of the world combined.

How many years of cobalt are left?

How long it will take to deplete cobalt reserves and resources depends on the approach and speed with which electrification and a fully renewable society is approached, according to a 2019 study. Another factor is whether or not lithium-ion battery formulas that require cobalt will continue to be the norm in the future. If widespread cobalt substitution does take place, that will ease demand pressures on the metal.

Why is cobalt so valuable?

Cobalt has risen in recent years due to supply chain difficulties and the metal’s necessity in many lithium-ion battery cathodes, with prices peaking in March and April 2022 at over US$80,000 per MT. However, prices have fallen since then, and sat around the US$33,000 mark as of November 2023. The EV story has led to increased cobalt supply, meaning that there will be short-term price pressures due to oversupply as demand continues to rise in the coming years.

What is the problem with cobalt mining?

Most cobalt production takes place in the DRC, which is known for artisanal mining. Artisanal miners are adults and children who are not employed by mining companies, but mine independently using their own tools or just their hands.

A 2023 ABC news report on the country’s artisanal mining industry estimates that 200,000 artisanal miners are working on cobalt deposits; unfortunately, a lack of oversight and safety measures means injuries and death are more frequent than in regulated mining. While organizations are working to keep the supply chain transparent, it is hard to fully avoid cobalt that is sourced through child labor and human rights abuses.

Other countries are not exempt from concerns related to mining cobalt — Indonesia’s burgeoning cobalt production comes with the vast environmental concerns that plague the nation’s nickel industry.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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