Katanga Mining Ltd Ord KATFF

RE:RE:Cobalt price rally to six-month high - $17.5 per lb

[bobsacramento]

Lech1988 wrote:
Also I can all but guarantee you KAT will not hit hits Cobalt production targets next year.  The “ion exchange plant” hasn’t even been approved yet (and there remains precisely zero updates on this) and they casually pushed back the commissioning already by a whole year.  My guess is 30-40% of guidance production next year using “ore blending” to get the radiation levels low enough and when the market comes to realise this we will see much higher Cobalt prices (which is Glencore’s plan of course).  If the Cobalt price was already much higher I suspect we would see exports magically commence without hesitation.        

It will be interesting to see what kind of long term cobalt contracts Glencore is trying to negotiate. I think cobalt suppliers and consumers met recently for negotiations if I’m not mistaken.

As for DRC, Tshikesedi is in a bit of a complicated situation politically with the mining royalties