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.
Today, Global Cobalt announced that it has entered a preliminary offtake agreement with top battery materials supplier Beijing Easpring Materials Technology.
Cobalt prices have been rising since the end of August and hit an eight-week high on September 13.
Formation Metals today announced plans to sell its Sunshine Precious Metals Refinery to Silver Opportunity Partners, a subsidiary of Sunshine Silver Mines.
Hot on silver's heels, cobalt recently gained a foothold in the solar power industry.
Earlier this month, the Democratic Republic of the Congo announced the delay of a ban on copper and cobalt concentrate exports. Since then, cobalt prices have seen some declines.
The Democratic Republic of the Congo is delaying its ban on copper and cobalt concentrate exports until next year. In the meantime, cobalt concentrate exports will be taxed $100 per metric ton.