Global cobalt supply/demand is forecast to be in deficit from 2016 owing to a combination of lower nickel and copper prices curtailing cobalt production as a by‐product, increased pressure on artisanal mining in Africa and increasing demand. Consequently prices are expected to rise strongly from current levels of circa US$23,000/t, with CRU forecasting prices above US$35,000/t.
Ann: Mt Gilmore due diligence complete-CZN.AX, page-4
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