Cobalt Investing News spoke with Erin Chutter, president and CEO of Puget Ventures, about cobalt prices, the metal's demand picture and the changes in store for the company.
Articles Tagged "cobalt demand"
Cambridge researchers have found a way to produce hydrogen from water using an inexpensive cobalt catalyst.
Oversupply has been depressing cobalt prices this year, and with new projects slated to bring more than 7 percent of current world production online by next year, the situation is expected to worsen. But with the Congo and China controlling most of the world’s cobalt supply, there is room for other producers of this critical mineral.
Cobalt prices have been weakening this year due to oversupply and an expected surplus from new projects scheduled to start later this year. While demand is also increasing, a surplus of the metal is expected to last at least until 2016.
Platts reported that open interest in cobalt is at its highest since the contract was launched exactly two years ago.
Mining Weekly reported that cobalt supply is at risk of disruption according to Core Consultants MD Lara Smith.
Global manufacturers may face a critical shortage of 14 raw materials over the next five years including cobalt, according to PricewaterhouseCoopers.
Platts reported that weaker spot demand kept cobalt prices flat this week.
Platts reported that increased buying has helped cobalt prices firm up.
Mining Weekly reported that better technology and processes are helping the DRC meet global cobalt demand.