RE:RE:So Why is KAT Up 7%?BS Detector,
Big deal! Glencore is currently trading down 1% on the LSE. Did you ever doubt China would buy cobalt from Glencore? Why wouldn't they? Cobalt is up nearly $2 lb from $37 to nearly $39 over the past month. That's a gain of 5%, but KAT could be subject to a 10% strategic metals tax based on *Revenue*, not profits. The price action can't be explained by political events.