why clq is not a spec miner, page-26

First 26 Last

Share
Profile

Follow
sallywoofs

1,363 Posts.

291

05/04/18

15:09

Post #: 32246104
Share

Originally posted by RVR ↑

Extract from AUST 4 April:

'Surging cobalt’s future is golden
A metal used in the rechargeable batteries that power iPhones and electric cars is one of this year’s best-performing assets, surging more than 20 per cent and outpacing other commodities. Cobalt prices have extended a record run with demand forecasts holding steady and the supply outlook looking uncertain because of the Democratic Republic of the Congo’s dominance as a source of the metal.
…..
But the prospect of higher supply is years away, industry executives say, as fully substituting other metals for cobalt is a lengthy process. London Metal Exchange prices for physically deliverable metal last week hit $US94,750 a tonne, creeping toward the $US100,000 milestone. “At the moment, there is no real way to get away from cobalt,” said Simona Gambarini, commodities economist at research firm Capital Economics. “Investors have jumped in and tried to take advantage.”

The metal’s price nearing $US100,000 also may be a sign more investors in Europe and North America are paying attention to cobalt. China is already the most prominent player in the battery market. Analysts expect cobalt trading to pick up after the LME’s cash-settled cobalt sulfate contract goes live. The exchange has said it could start as soon as the start of next year.

Cobalt prices may be getting a boost from projections that the global economy will expand this year at its fastest pace since 2011. That should boost demand for a wide range of commodities but worries about excess supply have curbed gains in materials from oil to copper. With cobalt, some say the market won’t have the metal it needs until new projects outside Congo start producing it. “Until (junior miners) fill that gap or the bigger players move into my space, it’s going to take some time to play catch up,” said First Cobalt CEO Trent Mell.'

Expand

"Analysts expect cobalt trading to pick up after the LME’s cash-settled cobalt sulfate contract goes live."
Say what ? Supposed to happen "start of next year" ?

Does this mean that producers can sell futures into the LME at market prices ?

Music to my ears...

CLQ Price at posting: $1.16 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

EQU

Equus Energy inks 10-year gas sales agreement with Alcoa in WA

HotCopper Highlights: DroneShield, tungsten and lithium stocks dominate this week’s investor chatter

AM5

Antares Metals hits copper mineralisation at depth at Conglomerate Creek in Queensland

WCN

White Cliff Minerals transitioning Danvers discovery into continuous copper system

CMO

Cosmo Metals confirms broad mineralised zone at the Kanowna Gold Project in WA

AGI

Ainsworth locks in Aristocrat patent deal for $8.5m

Market Open: ASX tipped to continue to remain in the red

KNI

Kuniko extends Commonwealth-Silica Hill with positive drilling in lead-up to MRE

CMM

Capricorn Metals makes strategic acquisition of Piastri project in WA

Dale Gillham: Are Australian Property Prices Crashing or Just Softening?

First 26 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

why clq is not a spec miner, page-26

Top Stories

Equus Energy inks 10-year gas sales agreement with Alcoa in WA

HotCopper Highlights: DroneShield, tungsten and lithium stocks dominate this week’s investor chatter

Antares Metals hits copper mineralisation at depth at Conglomerate Creek in Queensland

White Cliff Minerals transitioning Danvers discovery into continuous copper system

Cosmo Metals confirms broad mineralised zone at the Kanowna Gold Project in WA

Ainsworth locks in Aristocrat patent deal for $8.5m

Market Open: ASX tipped to continue to remain in the red

Kuniko extends Commonwealth-Silica Hill with positive drilling in lead-up to MRE

Capricorn Metals makes strategic acquisition of Piastri project in WA

Dale Gillham: Are Australian Property Prices Crashing or Just Softening?

Featured News