Katanga Mining Ltd Ord KATFF

RE:RE:RE:RE:Cobalt spot price

[Cassius1977]

Lech1988 wrote:
You have to remember we are at these price levels despite the world’s largest cobalt mine (our beloved KAT) halting exports... there will be an additional 30kt of production exported in bulk to Glencore's warehouse in South Africa when the "radiation" issue is dealt with in 1Q20.  That is an enormous whack of the world's production suddenly becoming available.  We would need multiple massive supply disruptions or a huge uptick in demand in the near term for the market to be in a deficit. 

I am not saying the market won’t rally from here, it likely will, but the explosive growth we saw in 1H18 is extremely unlikely.   

  I think you'll find if the price isn't where Glencore wants it to be then that Cobalt will not be made availible,  they will have "issues" with the ion exchanger...........or something else.   Supply got ahead of demand but this can be easily rectified given the exponential demand curve.  I agree though,  we wont see 40+ this year in all probability.  I do expect a return to perhaps 30 though.