OTCPK:KATFF - Post by User
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topdopon Dec 12, 2017 3:21pm
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Post# 27140937
Prey tell? Who controls this market?
Prey tell? Who controls this market? - “If we are right about the demand for electric vehicles, it clearly means the world needs another 314,000 tonnes of cobalt. That is a commodity to get excited about.”
- “There are a lot of customers who want to lock in supply but we’ll keep the price floating,” Mr Glasenberg said. “Tesla, VW, Apple are all looking to get long term supply locked in for cobalt… we have a lot of them chasing. Whoever wishes to buy cobalt, we talk to.”
12th December, 2017, Ivan Glasenberg, Glencore CEO "The Swiss commodity giant’s Toronto-listed Katanga Mining Limited in the Democratic Republic of Congo will produce as much as 34,000 tons in 2019, Katanga said Monday. That compares with the 20,000 tons-a-year guidance Chief Executive Officer Ivan Glasenberg gave in August and could give Glencore control of about 40 percent of world supplies, according to current data." Bloomberg Markets.