Tenke Mining Cobalt Focus

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."

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Supply and Demand
Use of Cobalt

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