LME not really the go-to for real price but still influences sentiment.
Friday night was a jump of over 10%!
That made it the biggest move (up or down) in one day over the last month...
Head of Glencore and head of Australian Mines both calling this bottom of the cycle.
Add this to stricter contracts on LME (starting second wk of March from memory) and a reversal of the cobalt price and it seems to me all the ducks are startIng to line up...
The more signs pointing cobalt back up, the more people wIll follow them.
Certainly wont stay this cheap forever!
CLA - Cobalt related news, page-2398
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