Re: Glencore inks Cobalt supply deal with China’s GEMI posted a similar msg on the Katanga forum earlier today, however, I found it interesting how no one has commented, yet..
https://steelguru.com/metal/glencore-inks-cobalt-supply-deal-with-china-s-gem/504813
Now, I am aware of similar questions having being posted here before, so I'll refrain from digging for any heavy "micro-financial/political-mechanics".
Essentially what I'd like to ramp-up-on is outside of any immediate financial benefit, why people are investing in Glencore's Katanga mine given the politics of the DRC? From the above artical, it would appear to some that China's GEM Co has sent a message indicating "It has no concern about kids working as slave labour", they just want a source of "fresh" cobalt secured.
To me, in the long term, this appears a high risk investment, as more and more industry distances itself from Congo's metals. When this happens in volumes, I wonder if it could eventually mean more and more industry/Gov't/people distancing from China's [cheap] manufactured goods, as well?
This is the GEM being referenced - correct? https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=83754814
Open to comments or references/links to research/explore. Thanks.
Sky