PhuketGuy - the 2006-07 price spike was all...

PhuketGuy - the 2006-07 price spike was all politically-motivated, perceived supply side risk or issues in DRC.

https://en.wikipedia.org/wiki/2006_Democratic_Republic_of_the_Congo_general_election

Glencore's Kamoto and Mutanda cobalt operations going on care and maintenance, or at least on hold for 2019 is huge. Does the Cobalt market not believe it will eventuate?

A Vale iron ore project in Brazil goes offline and Iron ore goes up 50%!!! Surely iron ore market is more well-supplied than Cobalt, or is it that tight??

https://www.statista.com/statistics/590289/global-production-of-iron-ore-by-region/ >>> 2016 2.1bln tonnes of iron ore produced worldwide.

https://www.sharecafe.com.au/2019/02/04/analysts-raise-iron-ore-outlook-in-response-to-vale-disaster/

The company claims it took the decision to decommission all upstream mines in 2016 after the Samarco disaster (Samarco is jointly owned with BHP). Vale says 9 dams have already been decommissioned.Around 40 million tonnes of ore could be impacted by the dam closures and while Vale is expected to boost output at other mines not affected, that will take time and extra investment.Analysts say global iron ore supplies could be impacted for the rest of this year and into 2020. The mine where the disaster happened produced around 8-9 million tonnes of ore a year. That production has been lost, just on 50 million tonnes could be impacted by the closures and disaster.

40/2093 = 1.91%!!

Kamoto and Mutanda, isn't it 40%+??