NMT neometals ltd
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Not Ideal that Cobalt is now seeing excess supply....

  1. BrucieKibbutz
    2,577 Posts.
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    08/08/24
    11:05
    Post #: 75122685
    Not Ideal that Cobalt is now seeing excess supply.

    https://www.bloomberg.com/news/articles/2024-08-07/glencore-ceo-sees-cobalt-glut-lasting-as-long-as-two-years?srnd=commodities&embedded-checkout=true&utm_source=www.moneyofmine.com&utm_medium=newsletter&utm_campaign=arcadium-cuts-costs-while-burkina-rejigs-code&_bhlid=d5fe842532933dffcb70b6a288df0160ae62cb83

    I dont have a membership but im guessing the details aren't super relevant. It will mean the price recede.


    I'm beginning to think we are not wrong here..... Just early.

    I guess we see when the money printers get switched back on ( likely US in September and Oz early next year) whether that stokes the fire.

    Results due for PMR in a few weeks and Merc plant not far from commissioning. These will be interesting windows into our future I think.
    Last edited by BrucieKibbutz: 08/08/24
    NMT Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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