TMC - Cobalt Miners News For The Month Of March 2024
2024-03-24 06:50:39 ET
Summary
- Cobalt spot prices were flat for the month. LME inventory was flat for the month.
- Cobalt market news - Elliott Management's Hyperion to seek billion-dollar mining assets as metals demand grows, including metals for EVs and renewable energy.
- Cobalt miners news - CMOC's 2023 preliminary revenue increased by 7.68% YoY. Jinchuan Group International Resources cobalt sales down 53% YoY and cobalt revenue down 76% YoY.
- Ardea & Japanese consortium aiming to finalize and execute Final Agreement by 31 March 2024. Cobalt Blue announces Iwatani Corporation as potential partner in developing the Broken Hill Cobalt Project executed via a Heads of Agreement.
Welcome to the March 2024 cobalt miners news.
The past month saw cobalt prices continue to move sideways remaining at very low prices.
Cobalt price news
As of March 22, the cobalt spot price was at US$12.72/lb , flat from US$12.65/lb last month. The LME cobalt price is US$27,815/tonne . LME Cobalt inventory is 92 tonnes, the same as the 92 level 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 March 2024