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Cobalt market news - the DRC to hike taxes on Congo cobalt miners. ERG says "cobalt boom ‘guaranteed’ for 7-10 years." (208-4)
Cobalt spot price news - Cobalt prices up again in January. "BMO Capital Markets expects current cobalt prices to double in the next two years." (54-6)
Cobalt market news - "Electric vehicle revolution a rare investment opportunity as metals demand spikes." "BMW sees 10-fold jump in its need for battery materials by 2025." (63-1)
Cobalt miner news - Not a good month for Glencore/Katanga. eCobalt announced their FS results, and Clean TeQ changes their project name from Syerston to Clean TeQ Sunrise project. (42-0)
Cobalt market news - Auto manufacturers have turned their focus to the raw materials needed to feed the EV boom. (54-1)
Cobalt market news - "China to ban sale of fossil fuel cars in electric vehicle push." (97-0)
Cobalt spot price news - Cobalt spot prices rise slightly to reach US$26.54 by June 21. "Market participants anticipate prices to increase by 20-24pc by the end of the year."
Cobalt spot price news - Cobalt spot prices rose strongly to reach US$26.31 by June 22.
Note: This article was first published on my SA Marketplace service on March 24, 2017, so the stock prices and data are as of that date.
Welcome to the March 2017 cobalt miner news. The focus will be on the cobalt miners that are in, or reasonably near, production, as well as featuring a few promising juniors each month. For a background on the cobalt miners, investors can read my earlier articles:
Cobalt miner news - Glencore CEO said "in 2018, our overall cobalt production goes into the 50,000 tonnes to 60,000 tonnes range.".
Cobalt market news - Berry: "the demand story around cobalt is real. It appears that a new long-term average price for the material will settle in the $20/lb range.".
A critical point to understand when investing in cobalt companies is the impact of associated metals such as copper and nickel (or molybdenum) prices have on the cobalt producer.
Many experts see cobalt as the next critical element set to boom. The cobalt price has risen about 50% so far this year.
Following on from a trading halt, Dragon Energy has been given a voluntary suspension, which it expects to outline details pre-market on Monday 19th December 2016.