I did laugh at what I hope is just cynicism from you in that it was a strategy from Glencore to adjust Co prices. At the end of the day this will just be a shift in supply to 9-12 months down the track but hopefully by that point we are about to enter the market ourselves.
Also have the consideration that it gives time for demand to build to take on that stockpiled ore.
NZC Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held