Katanga Mining Limited (KAT): Awww bummer news for_battery_makers... c...

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Katanga Mining Limited (KAT)

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Wednesday, 12/06/2017 1:21:46 AM

Wednesday, December 06, 2017 1:21:46 AM

Awww bummer news for_battery_makers... cobalt_prices_going_up_on_Monday
From S&P Global Platts:
https://www.platts.com/latest-news/metals/newyork/cobalt-prices-seen-rising-sharply-as-deficit-21725171
which reads in part:
Citi also made a price forecast for cobalt on Monday of $75,000/mt ($34.01/lb) in 2018 and $80,000/mt in 2019 and 2020.

We (Katanga) got an honorable mention in paragraph 6 of the article... I guess we're a critical part of the "Big Solution" to this pricing increase catastrophe. Geez, imagine that golly gee whiz.

Darn, I feel sorry for all the battery makers and car/bus makers wanting to use lithium batteries in all their shiny new EVs.

The Doctor

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