Mining Weekly reported that a spike in cobalt supply will put downward pressure on prices in the second half of 2013.
Articles Tagged "cobalt supply"
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.
A brief overview of cobalt price developments, supply and demand and significant market movers.
Cobalt prices are seen depressed at least until next year as an oversupply of this critical mineral continues.
A brief overview of cobalt price developments, supply and demand, and significant market movers.
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.
Resource Investor reported that an expert speaking at the 2012 African Mining Indaba said inadequate infrastructure could affect supply of cobalt from the DRC.
Mining Weekly reported that cobalt supply is at risk of disruption according to Core Consultants MD Lara Smith.
Globe and Mail reported that manufacturers are concerned about maintaining a steady supply of cobalt and other essential raw materials for use in production.