Katanga Mining Ltd Ord KATFF

Glencore's Mutanda Mine Closure

[Sogosohubidu201]

https://seekingalpha.com/article/4283539-glencores-mutanda-mine-closure-cripple-kill-tesla

....."In its 2018-2019 Cobalt Market Review, Darton Commodities forecast total global supply of 140,000 tonnes in 2020 vs. total global demand of 132,000 tonnes.

The Mutanda mine closure will immediately shift the cobalt supply and demand balance from a comfortable 4,000-tonne surplus to a crushing 19,000-tonne deficit.".....

In its 2018-2019 Cobalt Market Review, Darton Commodities forecast total global supply of 140,000 tonnes in 2020 vs. total global demand of 132,000 tonnes.

The Mutanda mine closure will immediately shift the cobalt supply and demand balance from a comfortable 4,000-tonne surplus to a crushing 19,000-tonne deficit.

[Sogosohubidu201]

  sogosohubidu   Comments9 | Following Hi John, Thanks for your interesting article. Several major mines, i.e. Deziwa, Mutoshi, and RTR in DRC are scheduled to ramp up over the next 18 months. Do you know their targetted volumes? I did some search and got the following information: 14k (phase 1) to 20k (phase 2) tonnes for RTR, 16k tonnes (?) for

[Sogosohubidu201]

  John Petersen   Comments33143 | + Follow Author’s reply »   Darton's refined cobalt supply progression is as follows:   2018 - 113,700 t 2019 - 125,400 t 2020 - 139,600 t 2021 - 149,400 T   It's important to remember that refining losses from mine mouth to useful cobalt products

[Sogosohubidu201]

Darton's refined cobalt supply progression is as follows:   2018 - 113,700 t 2019 - 125,400 t 2020 - 139,600 t 2021 - 149,400 T The above Darton refined cobalt supply was before the closure of Mutanda by the year end.  If included the closure of Mutanda, the refined cobalt supply might be at assuming 15% refining loss 2018 - 113,700 t 2019 - 125,400 t 2020 - 118,350 t 2021 - 128