I have been chatting with a number of my contacts in the DRC Mining Industry and the word is "done deal"*Do they all Drive a TAXI by any chance JAG
Things are looking Up, According to my DRC Taxi Driver ( Janet )
Cobalt jumps to over 63,000 USD per tonne this week from December 6 to 11, 2021The market for merchant mining products for export from the Democratic Republic of the Congo is improving this week from December 6 to December 11, 2021, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, which is piloted by the Minister Jean-Lucien Bussa.
Cobalt remains higher and is trading this week around $ 63,145.00 per tonne versus $ 61,232.85 per tonne last week, showing a positive price differential of $ 1,912.15.
Copper is also trending upward to $ 9,752.00 per tonne versus $ 9,603.40 per tonne last week, for a positive price differential of $ 148.6.
Tin also shows an uptrend of $ 40,398.00 per tonne versus $ 39,655.00 per tonne last week, for a price increase of $ 743.Tantalum remains stable this week on the international mining products market and is trading around 263.00 USD per Kg.December 6, 2021JanetView attachment 3878648Lithium carbonate prices in China rose to 204,500 yuan per tonne, as rising demand for electric vehicles underpinned costs for raw materials, while supply continues to tighten.
Electric vehicle deliveries in China, the world’s top lithium-ion battery importer, is expected to double last year’s level to around 3 million units.
Rising lithium carbonate prices have added on average $470 to the cost of producing an automobile’s battery, as lithium carbonate prices have already increased by over 320% this year.View attachment 3878651Food for thought on what's on the Table for Xmas
Frank
