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CLA - Cobalt related news, page-2189

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fnbig1

367 Posts.

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01/02/19

22:39

Post #: 37306139
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Originally posted by nativeowner ↑

Glencore unit warns on DRC cobalt sales

Overnight Katanga Mining, said it had been told by the DRC government to suspend a project to build a new system to remove uranium from its cobalt supplies.“On January 30, 2019, the Company's 75 per cent operating subsidiary Kamoto Copper Company received a letter from the DRC Minister of Mines following the inspection conducted by the DRC Government in the fourth quarter of 2018,” Katanga said in a statement. “The Minister of Mines raised certain concerns with the technical solutions identified by KCC and requested that KCC suspend the project to build an Ion exchange plant until further notice. KCC intends to engage with the Ministry of Mines to understand and address their concerns.”

https://www.ft.com/content/818adfd4-25e3-11e9-8ce6-5db4543da632

looks like the games and manipulation of cobalt prices have begun.

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I find it interesting that such a massive disruption to the worlds biggest supplier is having no impact on cobalt prices. They keep dropping regardless!

CLA Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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