GIGGF - Cobalt Miners News For The Month Of January 2025
2025-01-24 09:07:07 ET
Summary
- Cobalt spot prices were slightly higher for the month.
- Cobalt market news - S&P Global: Cobalt market oversupply to ease in 2025. Saudi Arabia weighs global mining deals in a push to secure supplies of critical minerals.
- Cobalt miners news - CMOC Group forecasts up to 72% jump in 2024 profit on higher metal prices. Sherritt ends 2024 with robust operating results in line with guidance.
- Jervois Global signs recapitalisation agreement, Chapter 11 procedure and becoming a private group. Australian Mines Flemington Resource expands significantly. TMC shares surge as support for deep sea mining grows.
Welcome to the January 2025 cobalt miners news.
The past month saw cobalt prices slightly higher.
Cobalt price news
As of January 22, the cobalt spot price was at US$11.02/lb , slightly higher from US$10.91/lb last month. The LME cobalt price is US$23,770/tonne . LME Cobalt inventory is 126 tonnes, flat from 128 tonnes from last month. More details on cobalt pricing (in particular the more relevant cobalt sulphate), can be found here at Benchmark Mineral Intelligence or Fast Markets MB ....
Cobalt Miners News For The Month Of January 2025