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PLM - Cobalt Miners News For The Month Of August 2019
Polymet Mining Corporation
Welcome to the August 2019 cobalt miner news. The past month saw cobalt prices rise strongly, and several companies announce they are terminating or cutting back cobalt production due to low prices. This follows on from ERG's decision to cut cobalt output earlier in the year, and many DRC artisanal miners switching from cobalt to copper. Experts see the cobalt supply cut backs as positive for cobalt prices.
Cobalt price news
As of August 21, the cobalt spot price was US$14.29/lb, up from US12.93/lb last month. The LME cobalt price is US$30,500/tonne.