Comment by
JanineK22399HH on Aug 08, 2019 1:55pm
If Mutanda's (cobalt) mining cost is unsustainable at this price level, how about other miners! Suppply uncertainty alone is enough to put pressure on big auto makers worldwide to restocking while price remain low - demand will drvice the price higher.
Comment by
topdop on Aug 08, 2019 3:03pm
@JanineK2239HH it is my understanding that Mutanda is running out - or has run out - of oxide ores and without substantial additional CapEx, GLEN will have no way of processing the transitional and then sulphide ores. So essentially what it is they're saying is that at current Cu & Co prices, there won't be any further investment there. These are my views only. Thanks for reading.