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27.0¢ nzuri copper limited

I sent that article to my source originally and they said the...

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mineralised

1,648 Posts.

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23/04/18

18:21

Post #: 32636794
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Originally posted by chipshuffler ↑

http://www.mining.com/web/glencores-talks-sell-cobalt-chinese-firm-falter-price/

"Previously contracts for cobalt hydroxide, the raw material which is eventually turned into cobalt sulphate used in the rechargeable lithium-ion batteries that power EVs, were typically agreed at the Metal Bulletin price minus 10 percent.

No one at GEM was immediately available to comment.

Glencore declined to comment."

Further to your comments Mineralised, the above article suggests that prior cobalt hydroxide contracts "were typically agreed at the Metal Bulletin price minus 10 percent". If you use that as a base it could perhaps indicate that Glencore secured north of 90% on their deal given current market dynamics. Obviously if that were true then the 80% used in my assumption would be conservative. Time will tell.

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I sent that article to my source originally and they said the wording was wrong.

Based on my source they settled at 90% and I’m reasonably confident on precedent of 65% (as an average because cobalt hydroxide has varying specifications apparently).

NZC Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
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