Fabled Silver Gold Corp T.FCO

🎇🎉🎇🎉🎇2017: Watershed Year For Cobalt🎇🎉🎇🎉🎇

[JulianAssange]

2017 REVIEW: Battery boom, brand developments, artisanal concerns prompt Metal Bulletin cobalt spec review

2017 was a watershed year for the cobalt market; it was a year that brought some of the biggest developments in the history of this minor metal, catapulting it into the spotlight and onto the front pages of mainstream news outlets worldwide.

A focus on human rights violations in the Democratic Republic of Congo (DRC), where the majority of cobalt is still mined, has this year prompted more and more companies to scrutinise their own supply chains. On top of this, it was the end of an era, after some of the world’s best-known metal producers halted production, at least of a few types of cobalt, while sources came on-stream or back on-stream in China and Russia. And the market became increasingly sophisticated as it financialised, with investors and hedge funds piling in, encouraged by strong price expectations. Investment vehicle Cobalt 27 acquired several thousand tonnes of physical cobalt over the year. And when it repeatedly increased the size of its balance sheet in December, and the volume of cobalt metal it held, it did so with a specific aim:: To enable it to do deals with physical producers.

https://www.metalbulletin.com/Article/3775755/Search-results/2017-REVIEW-Battery-boom-brand-developments-artisanal-concerns-prompt-Metal-Bulletin-cobalt-spec.html