This news is great for Cobalt stocks. Suprised we are not yet at 20c IMO!
By Bloomberg News
(Bloomberg) -- Zhejiang Huayou Cobalt, GEM Co. and Jinchuan Group have halted or limited deliveries of cobalt on a product shortage, Shanghai Securities News reports, citing co. officials.
GEM Co. is accepting prepayment for future purchases: report
Jinchuan Group has halted deliveries except to some major plants with which it has a long-term relationship: report
Cobalt demand has risen because of new energy cars subsidies and prices are expected to rise further, report cites an unidentified brokerage researcher as saying
CO1 Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held