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PLM - Cobalt Miners News For The Month Of November 2019
Polymet Mining Corporation
Welcome to the November 2019 cobalt miner news. The past month saw cobalt prices move sideways, and plenty of news from the cobalt miners. The biggest news/shock for the month was the massive Katanga Mining C$7.6b discounted rights offering to pay back debt owed to Glencore. Clearly this has a very large dilution impact on shareholders. On a more positive note many of the cobalt juniors continue to make good progress.
Cobalt price news
As of November 21, the cobalt spot price was US$16.10/lb, exactly the same as the US16.10/lb from last month. The