Australia's largest stock trading and investment forum Australia's #1 stock forum

US rare earth market potential, page-166

First 166 Last

Share
Profile

Follow
bluesamurai

10,498 Posts.

1555

08/11/23

11:33

Post #: 70782076
Share

Originally posted by bluesamurai: ↑

“The truck drivers want an incentive for them to operate in Congo, they want a danger allowance on top of their current salary,” Hippy Tjivikua, chief executive, at Walvis Bay Corridor Group said.“It’s affecting most of the supply routes. I can’t say cargo is completely blocked, but most of the mines aren’t able to go and offload or pick up the loads.”The danger allowance is payment for the risks associated with the trucks being robbed of high value copper and cobalt materials.The central African country supplied the world with 76% or 141,500 tons of cobalt last year, mining and metals company Darton Commodities said. QUOTE
The long term security of supplies of cobalt is tenuous at best the global market is searching for stable secure ethically processed cobalt that COB will be able to provide in the future IMO

https://www.mining.com/web/copper-cobalt-supplies-from-congo-stranded-by-truckers-strike/

Expand

To explain this post ARR American Rare Earths is a substantial shareholder in COB Cobalt Blue so this is of significance to both companies IMO.
Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

ASX Market Close: Index flat as miners fall | June 25, 2025

Wednesday's HotCopper trends: DroneShield in Europe, Humm sale | June 25

DEL

Delorean to begin selling carbon offsets under regulation changes

First 166 Last