Katanga Mining Ltd Ord KATFF

WHY HAVE COBALT PRICES CRASHED

[Sogosohubidu201]

https://internationalbanker.com/brokerage/why-have-cobalt-prices-crashed/

"A recent report from FocusEconomics, for instance, sees cobalt rebounding over the next few years. The economic-forecasting firm expects prices scaling $40,000 by mid-2020, before adding another $10,000 in 2021, with the bullish sentiment being attributed to an increase in global EV-sales volumes, which should comfortably outweigh the expected decline in cobalt requirements in EV cathodes."

......“The market is comfortably supplied in the short-term,” said Jack Bedder, manager at the metals research and consulting firm Roskill. “There shouldn’t be any risk of shortages as long as the big projects ramp up."

[Lech1988]

Except KAT isn't ramping up well - in fact its cobalt exports this year are likely to miss the mark dramatically.  I suspect once Glencore announces its plans on Wednesday (which will likely result in a dramatic scale back in its production ambitions for Africa) we will see Cobalt turn higher again.  At these prices it’s a no brainer for consumers to stock up but they haven't had

[topdop]

Noting today's Open and subsequent Trade in this cr***y market: why anyone would be buying (or selling) in advance of GLEN's forthcoming Africa public disclosure is indicitive of pure speculation, or certain individuals/corps being privy to INSIDER INFORMATION. These are my views only. Thanks for reading.