The DRC is the worlds largest producer of cobalt, as a byproduct...

The DRC is the worlds largest producer of cobalt, as a byproduct of copper mining. Costs can be high especially for mines with a lot of debt to service. Mines here tend to be large. Share prices have declined an average of 89% from their peaks with some of the largest producers selling for a few cents. Cash burn rates are high at current copper and cobalt prices. Capacity is being shut down and production would back in a big way, and this is accelerating. Australian/Canadian listed Anvil has fallen from $C17 to 69c. for example. As cashburn continues and capital raisings founder, we can expect to see a lot of shutdown capacity.
Demand for cobalt is faltering too with cutbacks in production of cars.
Why is this relevant? Well, African mine supply both of copper and cobalt will respond very fast to these prices in a negative direction, faster than seen ever before.
CMR is not Robinson Crusoe.
See Mineweb article- In the Congo, timing is not enough.