- Cobalt spot prices were unchanged for the month and LME cobalt inventory was also unchanged.
- Cobalt market news - BMI forecasts growth in the battery sector will drive cobalt demand, outweighing falling cobalt intensities in individual cells. Roskill-Cobalt demand set to roughly double by 2030.
- Cobalt miners news - China’s GEM Co. Ltd and Glencore extend their long-term strategic cobalt partnership. China Moly acquires a 95% stake in the Kisanfu copper-cobalt mine, DRC.
- First Cobalt Corp. to receive C$10 million in public funding from the Government of Canada and the Government of Ontario.
For further details see:
Cobalt Miners News For The Month Of December 2020