Latest news with #IXM
Yahoo
01-07-2025
- Business
- Yahoo
IXM declares force majeure due to extended Congo cobalt export ban
IXM, a commodity trader owned by China's CMOC Group, has announced a force majeure on deliveries of cobalt from the Democratic Republic of Congo (DRC), the world's major producer of cobalt, as reported by Reuters. The announcement follows DRC's decision to extend its export ban on the battery material. In February 2025, the DRC initially implemented a four-month suspension of all cobalt exports to address oversupply issues and support prices, which were then around $10 per lb. DRC extended the suspension for an additional three months, with the possibility of modifying, extending or terminating the suspension before the new deadline in September. CMOC, the top cobalt-producing company globally, has projected its cobalt output to be between 100,000 and 120,000 tonnes (t) in 2025 at its Tenke Fungurume Mining (TFM) and Kisanfu Mining (KFM) sites in the DRC. This compares to 114,000t produced in 2024 and 56,000t in 2023. TFM and KFM are the suppliers for IXM, which stated on a social media post that the export ban has "rendered it legally and practically impossible for IXM's suppliers … to export cobalt products from the DRC". In the first quarter of 2025, CMOC reached a record high for the period with copper output at 170,574t - a 15.65% year-on-year increase - while cobalt output rose by 20.68% year-on-year to 30,414t. Cobalt prices on COMEX have seen a recovery since the initial ban in February, with current prices nearing $16 per lb. Other mining giants, such as London-listed Glencore and Eurasian Resources Group (ERG), also declared force majeure on certain cobalt deliveries after the DRC's export ban. "IXM declares force majeure due to extended Congo cobalt export ban" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
24-04-2025
- Business
- Associated Press
Smart Communications Announces Acquisition of Joisto
LONDON & NEW YORK--(BUSINESS WIRE)--Apr 24, 2025-- Smart Communications TM, the leading cloud-based platform for enterprise customer communications, today announces it has acquired Joisto, a cloud data archive company. As a result, customers will now have the ability to seamlessly store, manage and retrieve digital records and documents, while meeting the stringent requirements for data retention that govern regulated industries worldwide. 'We're delighted to incorporate Joisto's deep expertise in cloud archival into Smart Communications,' said Leigh Segall, CEO of Smart Communications. 'Our leading Conversation Cloud Platform already enables our customers to manage sophisticated customer conversations at tremendous scale. With the addition of Joisto, we will extend these capabilities to meet an increasing need for regulatory-compliant and readily accessible storage of these conversations in the cloud. Together we will support customers worldwide as they continue their journey to modernize and transform customer conversations.' Joisto's cloud-based archive solution is built to seamlessly connect to a wide range of core solutions across corporate ecosystems using a comprehensive set of APIs. This enables customers to store, manage, and retrieve documents, irrespective of their source. With powerful data-ingestion capabilities and a modern, scalable, cloud architecture, Joisto easily meets customer requirements to store large volumes of documents, while enabling access from any location. Built with industry regulations and retention rules in mind, Joisto supports compliance with GDPR while driving enhanced document integrity, document authorization and user validation. 'Joisto is thrilled to join forces with Smart Communications,' commented Joisto CEO, Tommi Hänninen. 'We deeply understand the importance of archival in regulated industries and we are especially proud to partner with an organization that is equally passionate about providing industry-leading capabilities through a modern, cloud-based architecture. The combination of Smart Communications and Joisto represents an exciting step forward for both companies and our customers.' The acquisition comes alongside a period of sustained, rapid growth for Smart Communications, as the company has consolidated its leadership position in the cloud CCM (Customer Communications Management) and IXM (Interaction Experience Management) sectors and earned recognition for its strength among today's leading healthcare, financial services, insurance, and government organizations. In addition, analyst firms including IDC, Aspire, Aragon, Datos, and Celent have once again ranked Smart Communications as a strategic leader and highlighted the company's vision, cloud strategy, and product innovation. As Smart Communications extends capabilities across the Conversation Cloud with this acquisition, the company will continue to integrate and partner with leading platform vendors worldwide to make ongoing customer conversations – and archival – seamless for the enterprises we serve. About Smart Communications Smart Communications provides the platform that leading organizations trust to deliver personalized, consistent, and compliant conversations across all touchpoints and channels. The Conversation Cloud™ consists of SmartCOMM™, for enterprise-scale customer communications, SmartIQ™ for digital forms transformation, and SmartDX™ for trade documentation. Over 650 enterprise organizations across the globe rely on Smart Communications to simplify and automate complex processes and deliver highly secure, frictionless experiences across the customer lifecycle. To learn more, visit About Joisto Headquartered in Helsinki, Finland, Joisto is a leading provider of pure cloud data archival and management solutions. Over 700 end customers make use of Joisto's solutions to store, manage and retrieve their digital records and documents, ensuring that they meet regulatory requirements specific to their industry and geography. The Joisto platform leverages a modern, multi-tenant, SaaS architecture to ensure rapid scalability to meet the proliferating archival needs of customers, whilst meeting the archival compliance certification ISO146412. To learn more, visit View source version on Media [email protected] KEYWORD: AUSTRALIA/OCEANIA IRELAND SOUTHEAST ASIA NORTH AMERICA UNITED STATES SINGAPORE ASIA PACIFIC UNITED KINGDOM NEW ZEALAND EUROPE FINLAND NEW YORK INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT OTHER PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY SOFTWARE INTERNET SOURCE: Smart Communications Copyright Business Wire 2025. PUB: 04/24/2025 09:45 AM/DISC: 04/24/2025 09:44 AM
