Essential Power…Infinite Possibilities

February 4, 2015

Short Q&A: Tony Southgate, Cobalt Production Manager, ENRC Marketing

THIS IS NOT AN OFFICIAL COMPANY NEWS RELEASE
- FOR THE INFORMATION OF SHAREHOLDERS AND INTERESTED PARTIES ONLY -

Ahead of February’s NiCoMo 2015 conference, we got in touch with speaker Tony Southgate, Cobalt Product Manager at ENRC. In this short Q&A we spoke to Mr.Southgate about:

The role of China in the cobalt market and the impact of the slowdown - How the aerospace and battery sectors have influenced the landscape of the cobalt market - The impact of copper prices on the cobalt industry - The evolution of the cobalt market and defining events

An excerpt from the report:

Argus: There has been much talk about increased orders from the aerospace and battery sectors changing the landscape of the cobalt market. Do you see this as realistic and, if so, when do you see it happening?

TS: We are already seeing the effect of increased orders from aerospace and battery sectors. The overall healthy nature of these two end-uses is giving consumers the confidence to lock in more volumes in 2015 on a long-term basis. The demand picture for Cobalt over the next 2-3 years is widely viewed as being robust, and the only concerns are on the supply side.

To read the short Q&A with Tony Southgate click on image below…

About Argus

Argus is an independent media organisation with over 700 full time staff. It is headquartered in London and has offices in each of the world’s principal commodity centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.

Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, LPG, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.

Argus has 20 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana, Riga and other key centres of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.

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February 3rd, 2015, Sherritt International - Massive Upside As Cobalt Prices Revert
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February 23rd, 2015, President's Letter to Shareholders