@ProxyladyNo one seems to be talking about
Tenke's cobalt stockpile in their commentary, let's see if COB or Rho Motion mention it this afternoon in the Webinar:
"The
Tenke Fungurume stockpile [in the DRC] raises the threat of more sharp swings to come".
"For
cobalt, however, the implications could be seismic".
"Surprisingly, the market has managed quite well without
Tenke’scobalt, because demand for use in electronics has fallen and output elsewhere is increasing, sending prices tumbling more than 60% from a peak last year. The eventual release of the CMOC stockpile could drive them much lower still".
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
(20min delay)