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

Zijin Mining 2025 Report: Zinc Output Down, Smelting Up, Bisha and Wulagen Mines Plan Increased Production

Zijin Mining released its 2025 annual report. The report showed that in 2025, the company’s mines produced 357,453 mt of zinc in zinc concentrates, down 12.19% YoY (same period last year: 407,077 mt); smelting output of zinc ingot was 397,679 mt, up 7.17% YoY (same period last year: 371,057 mt). Lead content in lead concentrates output was 41,065 mt, down 7.51% YoY (same period last year: 44,397 mt). Among them, the Bisha zinc mine produced 83,000 mt of ore-derived zinc and 23,000 mt of copper in 2025, and plans to produce 91,000 mt of ore-derived zinc and 30,000 mt of copper in 2026; Zijin Zinc’s Wulagen zinc (lead) mine produced 136,000 mt of ore-derived zinc and 20,000 mt of ore-derived lead in 2025, and plans to produce 134,000 mt of ore-derived zinc and 18,000 mt of ore-derived lead i

Common.Time.minsAgo

Common.Time.hoursAgo

Active Offerings of Forward-Month Delivery B/Ls, Trading Volume Pulled Back Significantly from the Previous Day [SMM Yangshan Spot Copper]

Common.Time.hoursAgo

Month-End Trading Was Sluggish, and SHFE Copper Spot Discounts Remained in the Doldrums [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Shanghai spot copper market is expected to see a phased recovery. Demand side, as a new monthly procurement cycle begins, the previously pent-up purchasing demand of downstream enterprises will be gradually released. Coupled with the stockpiling window ahead of the Qingming Festival, market inquiry activity is expected to rebound, and trading conditions may improve significantly from month-end levels, providing some support for spot discounts. From the market structure perspective, the price spread between high-quality copper and standard-quality copper has remained at a relatively narrow level, reflecting that actual consumption demand still dominates the market, while brand premiums have weakened. Supply side, imported cargoes have continued to arrive recently, and the destocking speed of social inventory in Shanghai has slowed, leaving overall circulating supply relatively ample and limiting the room for discount recovery. Overall, driven by early-month procurement and pre-holiday stockpiling, spot prices against the SHFE copper 2604 contract are expected to see some narrowing in discounts tomorrow.

Common.Time.hoursAgo