It's intriguing to observe the developments following the Democratic Republic of the Congo’s (DRC) decision to suspend cobalt exports for a period of four months. It would be advantageous for the cobalt industry if a price floor could be established once an export quota is determined by the DRC. However, it remains uncertain whether the DRC has a specific price in mind, and only the future will provide further insights into this matter.
IMO this is all good for COB so far.
Jake Greenberg, the entrepreneur behind the £938 million uranium specialist Yellow Cake, is preparing to launch an electric vehicle battery materials investment company on the London market, with commodity giant Glencore on board as a cornerstone investor. Cobalt Holdings, which Greenberg leads as chief executive, is expected to list as early as May.
Industry sources suggest the new vehicle aims to raise £180 million to fund an initial purchase of cobalt worth $200 million from Glencore, part of a six-year supply deal. The FTSE 100 mining and trading group is understood to be taking a 10 per cent stake in Cobalt Holdings at launch.
https://bmmagazine.co.uk/get-funded/greenbergs-cobalt-holdings-lines-up-london-float-with-glencore-as-cornerstone-investor/
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