https://www.reuters.com/article/us-...t-a-warning-to-others-andy-home-idUSKBN23U20Q
"...Glencore has now locked in sales representing around 82% of production at Katanga. That, combined with Mutanda on care and maintenance, “significantly reduces the volumes of cobalt available in the open market”.
That may translate into an accelerated price recovery when the next EV-led demand surge happens.
Such direct mine sourcing is not the norm for auto companies.... But cobalt is different. There’s not much around and too much of what is around comes from the Congo."
DYOR
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- Cobalt Miners News: June 2020
Cobalt Miners News: June 2020, page-2
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