RE:Cobalt futures up 6.64% No good reason to expect this trend to change to much.....mutanda comes back on board soon but it still ain't enough.....other factors could come to play.....
"South Africa has moved to a level 4 lockdown today for a two-week duration, owing to increasing infections in the country. While this has no direct restriction on mining operations and logistics, given the likelihood of more worker absence and a reluctance of truck drivers to travel too far from home, there is potential for short-term disruption to supply of chrome, manganese and PGMs, plus copper-cobalt concentrates from the DRC which are exported through South African ports."
The more I read that last news release the more we can infer some thinking.....you don't fly over a potential processing partners facilities and figure out how you may fit in ......detailed technical discussions that are on going must have been going on for many months to figure out how to integrate, renew and expand existing facilities this is not an easy negotiation / discussion .....we are hung up on the line of " if and when" which means to me it's in that partners hands and more likely hung up on thier board of directors deciding if their plan of expanding into battery metals and recycling is truly thier vision coupled with a reliable and ethical source from with in Canada....so this has been cooking for some time ( months ) and must be getting close to putting it on the table.