Tuesday, November 06, 2018 8:11:55 PM
This is huge news for the potential Australian cobalt producers. The Glencore Katanga mine was closed for a considerable amount of time. It came back online this year and was a direct cause of the drop in cobalt prices that coincided with CLQ’s price drop. AUZ and CLQ are both up big in Aussie trading. Uncertainty around this Congo mine may be more beneficial to the share price than an offtake update or other news from Clean Teq themselves.
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