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3 July 2023 - Bloomberg Article China Set to Boost State Cobalt...

  1. ElMazio
    146 Posts.
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    04/07/23
    12:35
    Post #: 68609508
    3 July 2023 - Bloomberg Article

    China Set to Boost State Cobalt Reserves After Tumble in Prices

    "China is taking advantage of tumbling cobalt prices to build up its inventories of the metal used in electric-vehicle batteries and aerospace alloys. The National Food and Strategic Reserves Administration, the government stockpiling body, may buy about 2,000 tons of cobalt, according to people familiar with the matter."
    COB Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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