A cargo truck stolen early on Tuesday while transporting cobalt-60, a radioactive cobalt isotope, was found yesterday afternoon near Hueypoxtla, Mexico.
Authorities are unsure whether two men who stole a cargo truck carrying cobalt-60 were after just the truck or the potentially dangerous radioactive cobalt isotope.
Erin Chutter, president, CEO and director of Global Cobalt, recently spoke to Andrew Topf of the Investing News Network about her company's Karakul cobalt project, located in Russia's Altai Republic.
The cobalt market has been fairly quiet this past month, but Metal-Pages Research believes the metal may rise as high as $16.85 per pound this quarter.
Metal Bulletin reported that a power transformer blow out has left Eurasian Natural Resources Corp.'s (LSE:ENRC) Zambia-based Chambishi cobalt operation running at 50-percent capacity.
Gateway Mining Ltd. (ASX:GML) announced the completion of a reverse-circulation drill program at its flagship Gidgee project, located in Western Australia. Drilling was focused at the Cup prospect area.
Formation Metals Inc. (TSX:FCO) provided an update and review on the Idaho Cobalt Project and its current status, additional information regarding the Sunshine Precious Metals Refinery. All necessary environmental permits have been obtained, and major earthworks have been completed.
Global Cobalt Corp. (TSXV:GCO) has mobilized a third core drill rig on the Karakul Cobalt Project in the Altai Republic, Russia. T
Metal Bulletin reported that according to Simon Bao, vice president of Jinchuan Group Marketing Company, prices for cobalt metal are likely to range between $12 and $15 per pound in 2014.
Metal Bulletin reported that low-grade cobalt prices have risen on the back of news that Eurasian Natural Resources Corp.'s (LSE:ENRC) Zambia-based Chambishi cobalt operation will be running at 50-percent capacity for up to six weeks.
Metal Bulletin reported that China imported 12,327 tonnes of cobalt ore and concentrate in October, up 52.73 percent from the year-ago period.
The Financial Times reported that the $2-billion cobalt industry, which for over two decades has used Metal Bulletin price assessments as a benchmark for transactions, is now switching over to the London Metal Exchange contract. Though the move is not expected to happen overnight, it is being described as "inevitable."