Little downside for cobalt

THE lack of new supply coming in cobalt will lead to stronger for longer pricing, Cobalt Blue CEO Joe Kaderavek says.

If the first six months of this year are anything to go by, 2017 will be the year of cobalt. Prices have risen by more than 75% so far this year, peaking at US$57,750 per tonne, or $26.20 per pound, last week.

The current price is $57,500/t or $26.08/lb, as supply fears continue to grow. Most of the world’s cobalt comes from the Democratic Republic of Congo, where there have been fears about the fragile political situation…

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