Essential Power…Infinite Possibilities

March 30, 2016

Tech metal update: blackmarket cobalt, flake graphite caution, and tin's energy future

Publisher: Investor Intel

Author: Robin Bromby

Here are two facts to know about the cobalt business. One, that up to 35% of the cobalt produced in the world comes from mining operations that are losing money (mainly from the nickel they also produce). Two, that some 10,500 tonnes a year (of the total 110,000 tonnes mined last year) is pulled out of the ground by artisanal miners in the Democratic Republic of Congo.

[Later in the article, they state:]

The good news for those companies, such as Formation Metals (TSX:FCO) in North America and Broken Hill Prospecting (ASX:BPL) in New South Wales, is that CRU estimates that increased government restrictions, increased regulation by end-user companies and variations in metal prices that inhibit buying by international traders, could see the output by Congolese artisanal miners decrease by up to 30% by 2020

To read more, Click here for the full article

View the Previous News Release:
March 23rd, 2016, China Co producers investigate supply chain
View the main Cobalt News page.
View the Next News Release:
April 12th, 2016, Ecclestone on the "very big" cobalt niche