RE:Cobalt problem Wow, good find. This is some scary news for Cobalt...
For cobalt, however, the implications could be seismic.
Tenke Fungurume accounts for about 15% of global supply — a larger share of production than the 10% slice of global oil output controlled by Saudi Arabia. Surprisingly, the market has managed quite well without Tenke’s cobalt, because demand for use in electronics has fallen and output elsewhere is increasing, sending prices tumbling more than 60% from a peak last year. The eventual release of the CMOC stockpile could drive them much lower still.