Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Asset Allocation
Data update
Development News
Equity markets
Exploration News
News & Views
The Drill Bit
The Future
Trade & Demand


Could Tenke cobalt stockpile hit market?

Posted on - 09 Mar 2023

Category - News & Views

Bloomberg reports that CMOC’s Tenke Fungurume mine has continued to produce even though exports have been suspended because of the ongoing disagreement between Gecamines and CMOC. This means that it has built up a stash of c.12.5Kt of cobalt (and 120Kt of copper) which will be freed up once an agreement is reached. Given that Tenke accounts for about 15% of global supply and cobalt has continued in oversupply (and prices in freefall) even though Tenke exports have been restricted, this is potentially a sizeable problem for the market. The freeing up of the stockpile could add practically one month...

Login to read full article


China Cobalt Prices Tenke Fungurume