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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 > Cobalt prices continue rising following Glencore Mutanda new

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Post by Sogosohubidu201 on Aug 10, 2019 2:09pm

Cobalt prices continue rising following Glencore Mutanda new

https://www.metalbulletin.com/Article/3888446/Cobalt/Cobalt-prices-continue-rising-following-Glencore-Mutanda-news.html

Cobalt prices have moved up again on Friday August 9 following Glencore's decision to shut its Mutanda copper-cobalt mine and cut output at its Katanga cobalt facility.

The resulting supply concerns have pushed both suppliers and consumers to accept higher prices toward the end of the week starting August 5. Fastmarkets’ benchmark price for cobalt, standard grade, in whs Rotterdam rose by 4.4% to $13.05-14.30 per lb on August 9, up from $12.25-13.95 per lb on August 7.

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