Pertinent market/industry news/articles, page-1376

This should be interesting and will tighten up the cobalt market even more. Looks like they are cutting production at their Mutanda copper/cobalt mine as well. This is related to the fact that they expected a lot more oxide ore than what was actually there and their processing was setup for treating oxides... they will need to spend money on treating sulphide ore which will be expensive. Now who wants to spends 100’s of millions of dollars in CAPEX when the government is trying to impose a tax on cobalt and there is no certainty that the government won’t change it’s mind isn’t the future re additional taxes.... 

https://www.reuters.com/article/us-glencore-operations-congo/glencore-to-cut-output-jobs-at-copper-cobalt-mine-in-congo-wsj-idUSKCN1Q81RL

Glencore is reporting their 2018 results later today in the UK - the scale of the impact to copper and cobalt should be interesting. In the cobalt market, Katanga is now not supplying, Mutanda supply may be reduced significantly, Chambeshi not producing cobalt - I would expect we should have a floor on cobalt prices soon.