MNS 0.00% 4.2¢ magnis energy technologies ltd

VW fails to secure cobalt supply, page-5

  1. 7,962 Posts.
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    "The carmaker put off miners by suggesting a price that was well below current market prices, which have jumped by more than 80 per cent this year, the people said."

    I have been hearing from numerous sources that customers for raw materials are trying to lock-in contracts at current prices and miners are not having it. Everyone knows that demand is going to skyrocket and this will put upward pressure on the price of raw materials. A great position for the miners to be in.
 
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