The Tenke Fungurume mine typically produces as much as 20,000 tonnes of copper and 1,500 tonnes of cobalt each month, and has generated a stockpile equivalent to about nine months of production because of the dispute. At today’s LME prices that would be worth US$2.1bn, according to calculations by the FT, although the actual price realised is likely to be lower than that.
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.
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3 | 69000 | 0.066 |
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