Pertinent market/industry news/articles, page-1941

For proof of how big a deal this is Chinese owners another large mine in DRC (China Moly) are up 17% and cobalt battery chemical producer (Huayou) is up the max 10% per day (all on a down day in Asian markets):

https://www.bloomberg.com/news/articles/2019-08-07/glencore-s-congo-stoppage-offers-jolt-to-ailing-cobalt-market?srnd=markets-vp

Glencore just announced their cobalt production from their other DRC copper/cobalt mine (Katanga) is expected to be around 14k vs 26k guidance in 2019. There goes the cobalt surplus market next year.

As the cobalt market recovers in tandem with the nickel market it should certainly speed up efforts of battery producers to find safer sources of both. Only a matter of time before we see this reflected in our price being one of the few projects which can be brought online in a safe jurisdiction in the next 3-4 years.