Australian Mines LTD (AMSLF)

[GetRich902902]

UBS forecasts cobalt price to climb 60% over 18 months. Australian Mine's investors have some good news today if the analysts at UBS are on the money about the cobalt price direction over the next year.According to a Reuters news report, UBS is forecasting a 60% climb for cobalt prices over the next 18 months to US$20/lb, due partly to the closure of a Glencore cobalt mine in the Democratic Republic of Congo. The article also reports that cobalt prices could move even higher by 2024–25 due to a supply deficit. Australian Mines will be coming online with a mine right before the supply deficit. AMSLF will go through the roof.


https://www.fool.com.au/2019/08/14/ubs-forecasts-cobalt-price-to-climb-60-over-18-months/