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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 > LME Cobalt Price

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Post by Sogosohubidu201 on Feb 17, 2019 1:46pm

LME Cobalt Price

https://www.latestcommentary.com/fourteen-ngos-oppose-lme-plans-to-ban-tainted-cobalt/

"LME #cobalt is a dumping ground for off-spec or #bloodcobalt . All the dirty producers are trying to offload before the cash contract starts in March and nobody ever buys another physical contract again!! That’s why LME cobalt down 40% YTD..Not reality https://www.latestcommentary.com/fourteen-ngos-oppose-lme-plans-to-ban-tainted-cobalt/ …"

“Consumers can choose where they source their cobalt from, people buying on the LME can’t, that’s why there is such a deep discount between LME cobalt prices and (Fastmarkets MB)”

Cobalt prices published by Fastmarkets MB at around $44,000 a tonne are $12,000 a tonne higher than those for the LME’s contract, which was launched in 2010.

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Comment by Lech1988 on Feb 18, 2019 4:44am

MB cobalt price is still falling off a cliff- no idea where all this "supply" is coming from https://www.metalbulletin.com/Article/3858834/Cobalt/BATTERY-RAW-MATERIALS-MARKET-REPORT-1502-Cobalt-continues-downward-spiral-despite-Chambishi-shutdown.html

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Katanga Mining Ltd Ord