Mutanda's closure, Katanga's lower guidance spur cobalt price rises

August 08, 2019 / www.metalbulletin.com / Article Link

Glencore's decision to shut its Mutanda copper-cobalt mine and reduce the production guidance for its Katanga cobalt asset, both in Democratic Republic of Congo, spurred producers and consumers to look for higher spot prices toward the end of Fastmarkets' pricing session on Wednesday August 7.

Fastmarkets' benchmark price for cobalt, standard grade, in whs Rotterdam, rose by 4% to $12.25-13.95 per lb on August 7, from $12.20-13.00 per lb on August 2.The corresponding assessment of the price for cobalt, alloy grade, in whs Rotterdam, was $12.50-14.00 per lb on August 7, up by 4.3% from $12.40-13.00 per lb on August 2.The closure of Mutanda by the end of 2019, alongside the revision of...

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok