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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 > trade war plays a big role

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Post by jiayouha on Jul 04, 2018 12:13pm

trade war plays a big role

Will the trade war happen? If Trump keeps a strong attitude towards the world (esp. China), then it is bad for all assets. see the falling Cu and Co prices. China is extremely important in terms of consuming Co and Cu. I hope no trade war happen. In that case, we will enjoy a significant rebound. Otherwise, we may have to keep KAT red at a much longer time, even with a stunning Q2 report. GLTA and no trade war!

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Comment by InternalAudit68 on Jul 04, 2018 12:27pm

This post has been removed in accordance with Community Policy

Comment by jiayouha on Jul 04, 2018 1:20pm

I agree with you. My old concern was that Glencore might significantly reduce the purchasing price for goods from KAT and sell them at high (market price). By doing so, they will seize majority of profit from price appreciation and interest pmt, leaving less profit to DRC. But I think DRC gov may not allow this happen. And that would also be bad for KAT investors.

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Katanga Mining Ltd Ord