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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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OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > Cobalt Metal Bulletin now on LME

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Post by fischerkus on May 04, 2019 2:15am

Cobalt Metal Bulletin now on LME

There is a new listing on LME:

https://www.lme.com/en-GB/Metals/Minor-metals/Cobalt-Metal-Bulletin#tabIndex=2

Price rose from 29.321 to 36.325 USD per tonne within one month --> + 24%

It seems the supplychain of EV market starts to secure that essential material, since VW Boss Diess does not deny the EV future any more

https://www.faz.net/aktuell/wirtschaft/unternehmen/konzernchef-herbert-diess-schwoert-20-000-vw-mitarbeiter-ein-16098944.html

and Tesla oficially talks about shortage of important materials:

https://www.reuters.com/article/usa-lithium-electric-tesla-exclusive-int/exclusive-tesla-expects-global-shortage-of-electric-vehicle-battery-minerals-sources-idUSKCN1S81QI?feedType=RSS&feedName=businessNews

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