Cobalt prices in bear territory after negative run

This past quarter was packed with news for the cobalt industry. The quarter saw legal action taken against Glencore in the DRC by both state miner Gécamines and ex-business partner Dan Gertler. While both were ultimately settled by the Swiss miner, the company’s legal woes only deepened as the resolution was followed by a subpoena issued by the US Government on 2nd July.

In addition, the quarter saw the $690m streaming deal for material from the Voisey’s Bay mine expansion, between Vale and partners Wheaton and Cobalt 27, importantly showing the intent of  the capital markets . . .


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