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

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.

China’s SRB Stockpiles 50 Tonnes of Cobalt

Metal Bulletin reported that this week, China's State Reserve Bureau (SRB) bought about 50 tonnes of cobalt. It intends to stockpile the metal and buy more of it later.

SRB’s Plans to Buy Cobalt May Drive Prices Higher

Metal Bulletin reported that according to unnamed sources, the news that China's State Reserve Bureau (SRB) plans to buy cobalt is likely to drive up prices for the metal.

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