Extract from Bloomberg 27 11 17; might have something to do with it; might be drawn out; underlines DRC risk is real.
An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine.
- >>> Gecamines partner GTL accounts for 4% of global cobalt supply
Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern Congolese town of Lubumbashi in March to make way for a new investor, as prices for the metal soared. The attempt to switch one partner for the other has resulted in both parties taking legal action against the state-owned company for breach of contract.<<<
Cobalt just hit a 10 year high, page-3
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