Cobalt Blue and Glomar Minerals Launch Consortium to Unlock Critical Minerals from Polymetallic Nodules

Published: Mar 30, 2026 07:00

Save

Cobalt Blue and Glomar Minerals have formed a consortium to jointly advance the U.S. critical minerals processing initiative known as Project Infinity. The two parties will integrate Glomar Minerals’ marine mining licenses and deep-sea mineral extraction capabilities, together with Cobalt Blue’s proven critical minerals metallurgical processing technologies and patented intellectual property. They plan to construct a polymetallic nodule processing facility in the United States with an annual throughput of approximately 200,000 tonnes. Polymetallic nodules are abundant resources containing cobalt, manganese, nickel, copper, rare earth elements, titanium and multiple other metals, enabling the output of a wide range of mineral products from a single raw material source.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Changgao Electric Subsidiaries Win $26M State Grid Tenders, Boosting 2026 Revenue Outlook

According to Cailian Press, Changgao Electric (002452.SZ) announced that four subsidiaries, including its wholly owned subsidiaries Hunan Changgao Electric Co., Ltd. and Hunan Changgao High Voltage Switch Co., Ltd., collectively won tenders worth 181 million yuan for three categories of products—combined electrical appliances, disconnectors, and switchgear—in the State Grid Corporation of China's 2026 power transmission and transformation project tender. The winning bid amount accounted for 10.31% of the company's audited consolidated operating revenue in 2024. After the contracts are signed, they are expected to have a positive impact on the company's operating performance in 2026 and will not affect the company's independence.

Common.Time.minsAgo

China's Copper Wire and Cable Operating Rate Rises to 71.99% in March, Expected to Grow in April

[SMM Copper Wire and Cable Operating Rate Flash] According to SMM, the operating rate of China’s major copper wire and cable enterprises was 71.99% in March, up 16.18 percentage points MoM and down 1.61 percentage points YoY. Among them, the operating rate of large enterprises was 77.48%, that of medium-sized enterprises was 49.73%, and that of small enterprises was 47.26%. The operating rate is expected to rise 0.64 percentage points MoM to 72.63% in April.

Common.Time.minsAgo

BC Copper 2605 Contract Sees Price Fluctuations, Settles Down 0.09% Amid Trading Volume Decline

Today, the most-traded BC copper 2605 contract opened at 85,020 yuan/mt. Its center fluctuated upward and, after touching a high of 84,940 yuan/mt, began to decline. Near the close, it hit a low of 84,260 yuan/mt and finally settled at 84,410 yuan/mt, down 0.09%. Open interest reached 6,279 lots, an increase of 157 lots from the previous trading day, while trading volume came in at 3,298 lots, a decrease of 1,106 lots from the previous trading day. The SHFE copper 2605 contract closed at 95,340 yuan/mt. Based on the BC copper 2605 contract price of 84,410 yuan/mt, its after-tax price was 95,383 yuan/mt. The price spread between the SHFE copper 2605 contract and BC copper was -43 yuan/mt, with the backwardation remaining in place and narrowing from the previous day.

Common.Time.minsAgo