Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > Massive Cobalt Offtake Deal Between Glencore and GEM

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Comment by Sogosohubidu201on Oct 08, 2019 5:44pm

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Post# 30209294

RE:RE:RE:RE:RE:RE:RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

@topdop: The agreement between Glencore and GEM is for crude cobalt hydroxide product. In fact, China imports cobalt hydroxide from DRC is mainly in the form of crude cobalt hydroxide containing 25-35% cobalt. The current price for cobalt hydroxide is $11.5 USD per lb with 30% cobalt. See below the example (2nd line):