If we take a 30-40% premium we are looking at + 40c. You only...

If we take a 30-40% premium we are looking at + 40c. You only have to look around the corner to see CATL buying in at a 40% premium in the DRC.

*Top Chinese battery maker CATL is looking to shore up supply of raw materials such as cobalt, prices for which have risen sharply this year.

*The sources said CATL had wanted to buy a stake of almost 20% and take twice as much cobalt but this was rejected by Jinchuan International, the Hong Kong-listed arm of state-run metal producer Jinchuan Group which mines cobalt in the DRC.

*CATL has already made several investments in miners producing battery metals, taking small stakes in lithium producers Pilbara Minerals and Neo Lithium Corp , as well as a near 21% interest in Greenland-focused North American Nickel.

*In April, a CATL unit agreed to pay $137.5 million for a stake in the Kisanfu copper-cobalt mine in the DRC, the world's biggest-cobalt producing country.

*To remind,






















Food for thought

Frank