In addition, prices are expected to recover due to the LME instituting new bans on illegal mining happening in the Democratic Republic of Congo. The LME plans to push out an initiative to delist any cobalt brands that have not been responsibly sourced, according to Investing News Network. These delisting and ban initiatives will follow an assessment period based on the new LME rules by 2022.
source: https://www.belmontmetals.com/oversupply-and-slow-demand-creating-fluctuating-cobalt-prices-into-2019/
Bring on those new regulations please!
Could be a couple more years waiting but one thing is sure and that is Cobalt will recover and the economics of SCONI project will be much more attractive.
Critical Minerals Report ( Austrade )., page-244
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AUZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $2.197K | 299.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 14814624 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1366647 | 11 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |