cobalt

Mines are closing everywhere.

Browns' L/T Co-strength is that it is a primary producer and not a byproduct stream.

There is a conspiracy to depress global metal prices which is IMO likely to backfire in a big way as physical supply shuts down quickly .... with re-start-up taking much longer time.

Many of these now shutting down will prob not re-open for many years to come cos of increasing social breakdowns espesh in Africa.

Acute metal shortages coupled with FIAT paper burn IMO will fuel an explosive supercycle third primary upleg in commodity prices in the not too distant future.

POG is flirting with its main resistance line circa 830 right now whilst USDX heads for test of 79.5 recent breakout line.

If pure asset deflation takes over and concerted global monetary inflation cant beat it, then we may as well all pack up and go fishin the next two decades.

"They" are trying hard to prevent this from happening ... and if successful would mean resources third primary is indeed ahead and we will be talking about 6 buck Copper prices soon enough (IMO).

We just gotta allow for all possibilities and remain nimble enough to move with the global trends.

I am stocking up on Golds and Uraniums thru H1 next year.

Gold market is about to be tested with physical delivery being called on a million+ ounces ex DECEMBER options expiry (JS)... think this is a FIRST ... and if it defaults, can trigger spike / breakout in POG and major sovereign loss of confidence in the USD.

Next test for the Matrix coming up soon.

IMBOOC

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Cobalt output halted at Zambia's biggest producer
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By: Reuters
Published on 15th December 2008
Updated 5 hours ago
LUSAKA - Zambia's largest cobalt producer Chambishi Metals Plc has stopped production of the metal because lower copper and cobalt prices mean it is not viable, the southern African country's mines minister said on Monday.

However, Maxwell Mwale said the government was assessing options to ensure the troubled Luanshya Copper Mine (LCM) does not shut its underground Baluba copper mine and will facilitate fresh investment to shore up the company.

"The smelter at Chambishi has been shut down because the high costs of production are not economical at the current copper and cobalt prices, but underground operations at Luanshya mine have continued and as government we want this to continue," Mwale told Reuters.

LCM operates Chambishi as well as the Baluba copper mine.
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