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PLM - Cobalt Miners News For The Month Of December 2019
Polymet Mining Corporation
Welcome to the December 2019 cobalt miner news. The past month saw cobalt prices move lower. The big news for the month was Glencore's Mutanda mine in Congo shuts down a month early. Also I noticed Glencore's cobalt production guidance remains lower (no Mutanda) for 2020, 2021, and 2022. This has led analysts calling for a much tighter cobalt market ahead.
Cobalt price news
As of December 19, the cobalt spot price was US$14.74/lb, lower from US16.10/lb last month. The LME cobalt price is US$32,000/tonne. LME Cobalt inventory was 685 tonnes, about the