Global Cobalt’s Chutter: Cobalt Market Equilibrium Not Far Off

Global Cobalt’s Chutter: Cobalt Market Equilibrium Not Far Off

"What we've seen over the last 18 months is a sure, steady increase in the cobalt price," Global Cobalt President and CEO Erin Chutter said in a recent conference call. That, of course, is good news for the company's Russia-based Karakul cobalt project.

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Company News

Fortune Minerals Secures Final Water Licence For NICO Mine

Fortune Minerals Ltd. (TSX:FT,OTCQX:FTMDF) has announced that the Honourable J. Michael Miltenberger, Government of the Northwest Territories (GNWT), Minister of Environment and Natural Resources has granted Fortune final approval for the Type A Water License required for its NICO gold-cobalt-bismuth-copper mine and concentrator. The final licence was required to construct and operate the NICO mine.

Fortune Minerals’ Goad Discusses Progress at NICO

In a video interview with Business News Network, Robin Goad, president and CEO of Fortune Minerals Ltd. (TSX:FT), discusses the status of his company’s NICO gold-cobalt-bismuth project in Canada’s Northwest Territories.

Vale Delays Some Nickel, Cobalt Shipments

Metal Bulletin reported that Vale SA (NYSE:VALE) has delayed some shipments of nickel and cobalt after a slowdown following a "maintenance stoppage at its Canadian operation."

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Market News

Low-grade Cobalt Hits 29-month High

Metal Bulletin reported that on July 25, low-grade cobalt prices reached their highest level in 29 months. The spike has encouraged sellers to put their wares on the market.

China’s SRB Buys Moly Oxide, Cobalt

Reuters reported that China's State Reserve Bureau (SRB) has purchased nearly 3,000 tonnes of molybdenum oxide in a bid to "support struggling domestic producers squeezed by tight credit conditions."

Infographic: Inside Tesla Motors’ Gigafactory

Visual Capitalist breaks down what Tesla Motors Inc.'s (NASDAQ:TSLA) gigafactory will be doing, how long it will take to build and what materials it will require.

Cobalt Rises on Anticipation of SRB Buying

Metal Bulletin reported that cobalt reached its highest price in about three months, largely because market participants believe China's State Reserve Bureau (SRB) plans to continue building its stockpiles of the metal.

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