From resent TNK.to presentation at the African Mining Congress:
"The cobalt price has averaged about $15/tonne in the last 30 years, but has varied between $30/tonne to less than $5/tonne in that time. This is owing to participation of traders in the market some of whom were “less than transparent”, said Conibear.
But with increased production from listed companies it would be easier to anticipate supply flows. As a result, the cobalt price would also stabilise, if not decline somewhat on average, he said. “It won’t be controlled by traders in favour of consumers and producers,” Conibear said."
"Annual cobalt supply is an estimated 55,000 tonnes/year, but Conibear thinks that’s “a murky figure”. This is partly owing to smuggled cobalt, mostly from the DRC.
Recognition of production in stronger hands, however, buyers would be more willing to buy the product and perhaps stimulate an industrial demand in the batteries of hybrid cars (S.). Cobalt is traditionally consumed in speciality steel and alloys manufacture."
Cobalt facts
Supply and Demand
Use of Cobalt
New Energy Security with GTL Gas-to-liquid use of Cobalt
I think the most exciting story is about growing Demand from hybrid cars
More on Tenke mining
Hi Sufiy
ReplyDeleteDid you just get my last post as it just disappeard from the screen before I hit send, aaahhh yes, technology, gotta luv it
Hi, which post? Apart from this there is nothing...
ReplyDeleteHi Sufiy
ReplyDeleteI'll try again...not enough coffee I guess! I agree that hybrid cars are an area investors should have a look at. There is some excellent information on the Gold is Money Forum, the thread is Does anyone trade rare earth metals. According to one article, the world car makers have promised to produce almost 2 million hybrid cars by 2010 and yet the US can't produce a mini electric motor, a nickel metal hydride battery type used in these cars, high density magnets unless they import these rare earth metals from China. They also discuss Lithium and the leading car makers ahead of the game as well as companies supplying the materials. Also excellent info on Resource Investor. the mentioned articles are written by Jack Lifton. PS I don't own any stocks mentioned and have just started researching this area. Hope this is of interest.You're going to get this twice I'll bet!
Thank you for stopping by I will check it, regards
ReplyDelete