Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > Cobalt Price Forecast

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Comment by Sogosohubidu201on Apr 12, 2019 4:36pm

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Post# 29620980

RE:RE:RE:RE:Cobalt Price Forecast

Re: Lech. One of the best persons to judge the supply and demand of cobalt is Nick French who has been trading cobalt for his entire career. He is sitting in the board of Cobalt 27. So investors and traders need to pay attention to Cobalt 27 CEO who predicted early this year that cobalt price would rise to $25 per pound ($55,000 USD per tonne) in the 2nd half of this year and next year, but will not break $30 per pound ($66,000 USD per tonne) celing in the next 18-36 months (before the end of 2021) because the artisanal mining supply will kick in above $30 per pound. Cobalt price will break the $30 per pound of celing after the end of 2021. Based on growth of EV, I would agree with this cobalt price projection.

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