It seems Philippines production of Co in 2015, even though PI was the world's 6th largest producer, was (only)
4,600 MT, compared to DRC who at 63,000 MT are in a league of their own and world's largest producer. (Off and on there are threats of a clamp down on raw copper -and therefore Co- exports from DRC though nothing more lately.)
China itself was number 2, producing 7,200, though now Chinese interests have acquired Freeport's TF Holdings
in DRC they will become No1 producer themselves (Cobalt Investing News, Investing News Network). Consequently the P.I. Ni mine shutdowns (8 so far, but for how long?) may not cause much of a Co price rise?
Regards.
BML Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held