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home / news releases / IIDDY - Cobalt Miners News For The Month Of May 2021

IIDDY - Cobalt Miners News For The Month Of May 2021

IGO Ltd ADR (Sponsored)
  • Cobalt spot prices were lower for the month and LME cobalt inventory was about the same. EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability.
  • Cobalt market news - S&P GMI forecasts the cobalt market to move into deficit from 2024. Analysts at RBC expect cobalt prices to reach $28.50/lb this year and $40/lb in 2024.
  • Cobalt miners news - Glencore plans to restart operations at Mutanda, DRC, in H2 2022 ramping up to 2025. China's Lygend starts milestone nickel & cobalt project in Indonesia.
  • Nornickel’s Board of Directors approves a buyback of its shares for a total amount of approximately USD 2b. Jervois confirms discussions with U.S. Government for ICO financing. Cobalt Blue pilot plant operations commence.

For further details see:

Cobalt Miners News For The Month Of May 2021
Stock Information
Company Name: IGO Ltd ADR (Sponsored)
Stock Symbol: IIDDY
Market: OTC
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