AMSLF News and Press, Australian Mines Ltd From 12/23/22

Summary Cobalt spot prices were flat for the month. LME inventory was also flat for the month. Cobalt market news - Cobalt metal prices diverge on demand shifts due to strength in aerospace demand and weakness in battery demand notably from consumer electronics. ERG: "Total demand f...

Summary Cobalt spot prices were flat for the month, LME inventory was slightly lower. Cobalt market news - Strong cobalt production and weaker demand has pushed the cobalt market into a significant surplus this year. The U.S. DoE awards $2.8 billion in grants. Cobalt miners' n...

Summary Cobalt spot prices were up slightly for the month, LME inventory was lower. Cobalt market news - BMI: The world will need 62 new cobalt mining projects of 5,000tpa by 2035, 38 if recycling is factored in. Cobalt miners news - Vale and Huayou plan to build an $1.8b HPAL...

Cobalt spot prices were significantly lower for the month, LME inventory was lower. Cobalt market news - Chinese demand for cobalt weakens. Ernst, Manchin seek to end U.S. Dependence on China for defense materials. Cobalt miners news - CMOC's Congo mine suspends copper and cobalt ...

Cobalt spot prices were slightly lower for the month, LME inventory was flat. Cobalt market news - Severe global battery shortage likely post 2025, GlobalData forecasts. Goldman says bull market in battery metals is finished for now, prices could soar again after 2024. Cobalt mine...

Cobalt spot prices were flat for the month, LME inventory was lower. Cobalt market news - Biden invokes Defense Production Act to boost domestic production of critical materials for batteries. Canada to spend C$3.8B to support their EV metals industry. Cobalt miners news - GM sign...

Cobalt spot prices were significantly higher for the month, LME inventory was slightly lower. Supply concerns from DRC, Russia, and China pushed up cobalt prices. Cobalt market news - Congo court appoints temporary administrator to run China Moly's Tenke mine amid a dispute. Volkswage...

Cobalt spot prices were slightly higher for the month, LME inventory was flat. Cobalt market news - Electric vehicles drive up nickel, cobalt and lithium prices. BMI 2022 forecast for cobalt - Deficits building starting from 2024. Cobalt miners news - Glencore's cobalt output clim...

Cobalt spot prices were significantly higher for the month, LME inventory unchanged. Analysts forecast lower cobalt prices in 2022. BNEF forecasts cobalt prices likely to stay elevated in 2022. Cobalt market news - China’s growing control of global minerals supply leaves the US...

Cobalt spot prices were higher for the month and LME cobalt inventory was the same. Cobalt market news - CRU: The cobalt market is in deficit this year but should be more balanced in 2022. Explorers and developers targeting cobalt projects. Cobalt miners news - China Molybdenum Q3...