Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

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.

Add To Watchlist

OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > Cobalt Market

View:

Post by patels96 on Aug 20, 2019 11:39am

Cobalt Market

While long-term cobalt demand looks healthy - Glencore noted earlier this month that it was not considering the sale of its African copper-cobalt assets - it had been expected that the cobalt surplus would not be absorbed until 2023-2024, according to Fastmarkets’ battery raw materials research team. The cobalt market is now likely to swing back into balance in 2021 given the looming closure at Mutanda, Fastmarkets analysts say.

“We see the refined market remaining in a surplus next year, but the stock drawdown will be very constructive and that should support prices later next year and then meaningfully in 2021,” Adams added.

https://www.metalbulletin.com/Article/3889862/Cobalt/FOCUS-Chinas-skepticism-of-Mutanda-closure-characteristic-of-short-term-procurement-strategy.html

158