Shipments of cobalt hydroxide from South Africa are likely to be delayed due to serious civil strife in the country; most market participants preferred to hold back activity until the effects on the markets become clearer.
The civil strife in South Africa, with significant incidents in KwaZula-Natal province in eastern South Africa, was sparked by the jailing of former South African president Jacob Zuma. The South African national logistics service declared force majeure on Monday July 12 for operations at the pots of Burban and Richards bay.
This has resulted in some depots being shut down and port operations stagnant.
Durban port is a crucial port for trade...