Post by
Braggs2 on Dec 21, 2021 10:26am
Freeport Revenue
have these guys adjusted the Freeport revenue relative to higher Cobalt prices?. I believe they used $15 / Cobalt for the acquisition? seems to me the last earnings call it was said that they had not? Cobalt has gone up since then, forget how much cobalt is produced by Freeport and how it will affect the earnings?
Comment by
Justhalffull on Dec 21, 2021 10:32am
Freeport does not produce cobalt. They further refine it. Likely would have little impact on the profitability, as their input costs would rise with the price of cobalt along with the price of their outputs.