Cheveldayoff reports in a digest of activities on cobalt, silver and other critical commodities:
Below are:
1. Six-month charts showing the price upswings for Silver and Cobalt -- which are Canada Cobalt Works Inc.'s two main commodities.
2. Canada Cobalt's Aug. 23 news release on its latest financing to continue moving its project ahead.
3. Recent media articles on why cobalt prices are recovering and are likely to gain further in the coming months/years
Note: Factors suggesting the bottom many be in for Cobalt prices.....
Glencore's Mutanda mine closure will take 15% of annual Cobalt supply off the market in 2020.
Artisanal miners in the DRC (Congo) are reportedly now focusing more on Copper than Cobalt, which is further cutting Cobalt supply.
China Moly has complained that it is losing money mining Copper and Cobalt at its giant Tenke Mine in the Congo.
Link to Aug. 23 News Release regarding Financing:
Canada Cobalt Arranges $500,000 Private Placement : https://www.canadacobaltworks.com/wp-content/uploads/2016/11/CCW-Aug-23-NR-FINAL.pdf
Links to various articles about Cobalt prices going higher:
Investing News Network Article quoting 3 analysts: Cobalt Prices Rebound 30% on Glencore News
https://investingnews.com/daily/resource-investing/battery-metals-investing/cobalt-investing/cobalt-prices-rebound-glencore-uncertainty-continue/?mqsc=E4079535
Cobalt Price To Jump 60% In Next 18 Months To $20/lb - UBS
https://uk.reuters.com/article/cobalt-price-to-jump-60-in-next-18-month/cobalt-price-to-jump-60-in-next-18-months-to-20-lb-ubs-idUKL4N2590WI
Cobalt Prices Are Likely To Rise Due To Glencore’s Mutanda Mine Closure – Benchmark Mineral Intelligence
https://investingnews.com/daily/resource-investing/battery-metals-investing/cobalt-investing/mutanda-closure-changes-outlook-cobalt/?mqsc=E4076297
China Molybdenum Says Giant Congo Copper (Cobalt) Mine Is Losing Money
https://www.bloomberg.com/news/articles/2019-08-21/china-molybdenum-says-giant-congo-copper-mine-is-losing-money
DRC mining risks worsen as artisanal cobalt miners turn to copper
https://www.theafricareport.com/16454/drc-mining-risks-worsen-as-artisanal-cobalt-miners-turn-to-copper/
"Massive" Demand For Cobalt In Coming Years: BBC Article Quoting CRU International (Near End Of Article)
https://www.bbc.com/news/business-49265455
Roskill Report is "Wait and See" as to Whether Glencore Shutting Mutanda Will Help Cobalt Prices
https://roskill.com/news/cobalt-will-the-mutanda-shutdown-bring-an-end-to-intermediate-oversupply/?utm_source=RWR&utm_campaign=b12e3811da-RWR+%5BMN-HH-0514%5D&utm_medium=email&utm_term=0_c2ff94622f-b12e3811da-62199323&mc_cid=b12e3811da&mc_eid=79ee3734bd
The Electric Vehicle Market in 2019 and Beyond: Benchmark Mineral Intelligence
https://www.benchmarkminerals.com/membership/ev-market-in-2019-and-beyond/?mc_cid=a1015e8c5a&mc_eid=0cda13f2ee
About Canada Cobalt Works Inc.
Canada Cobalt has 100% ownership of the Castle mine and the 78 sq. km Castle Property with strong exploration upside in the prolific past producing Gowganda high-grade Silver Camp of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt extraction and recovery while it also exploits a powerful new silver-gold market cycle.
Managed & Built by I2M Consulting, LLC | © 2010-
