| February 08, 2012 Demand for minor metals to rise, but supply disruptions a risk Publisher: MiningWeekly.com Author: Jean McKenzie | |
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| January 17, 2012 Commodities giant Glencore poised to acquire the remaining 25 percent of copper and cobalt miner Katanga Publisher: CobaltInvestingNews.com Author: Karan Kumar | |
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| January 15, 2012 Cobalt demand growth likely at current prices - Uytdewilligen Publisher: MetalBulletin.com Author: Fleur Ritzema | |
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MetalBulletin.com - January 15, 2013
Shrinking Chinese stockpiles, lower shipments from Africa and the booming smartphone industry will help limit the downside for cobalt prices, according to ex-Umicore svp Dirk Uytdewilligen. Uytdewilligen, who after 27 years of service left his position as senior vp of Umicore's Cobalt and Specialty Material division at the end of last year, has recently launched his own minor metals consultancy firm. He told Metal Bulletin in an interview that high cobalt stock levels in China have typically been necessary due to the long DRC/China pipeline. But low recent cobalt prices, combined with local power interruptions, have led to lower shipments from Africa. "At today's cobalt price, export and mining/upgrading costs are hardly covered, making shipment from certain sources in the DRC unattractive," he said. "Margins are too small for many companies to move it out," he added. "If the price goes up to around $15 per lb, cobalt can probably get to market again, but at $10/11, a lot stays stockpiled or unmined in the DRC," he explained. Cobalt prices were stable on Friday January 11 at $11.10-12.40 per lb on the low-grade, and $11.50-12.80 per lb on the high-grade. Prices have rallied since the end of December, but have recovered only some of the ground lost during the preceding three months of almost continual falls. Meanwhile, in China, stockpiles have fallen, he said. Uytdewilligen's views were supported by a recent report by UK-based trading house Darton Commodities. According to the annual report produced for Darton's customers, Chinese cobalt imports fell 20% to 32,484 tonnes of cobalt contained in 2012. Chinese cobalt stocks fell in 2012 by just over 6,000 tonnes, according to Darton's calculations. And while availability of cobalt has shrunk over the past year, demand has grown, especially in the battery field, for use in electronics such as smartphones, according to Uytdewilligen. In 2013, Deloitte predicts that global shipments of smartphones should exceed one billion units for the first time. The number of all devices in use is likely to be close to two billion by year-end. Typically and historically the nickel to cobalt cost ratio has been around 3:1, yet the current level is closer to 1.5:1. Uytdewilligen believes that this, combined with very good future supply prospects, means that cobalt will become attractive to buyers or developers of new applications. "The big end users -- major battery users -- can live with cobalt at $10-15 per lb versus $30-50 per lb in 2007/2008. If there's a choice of material, cobalt is now back in the race ."
Fleur Ritzema
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| January 11, 2012 Globe & Mail Reports Manufactures Sounding Alarm Over Scarcity of Minerals and Metals, Including cobalt Publisher: Globe & Mail Author: David Friend & John Valorzi | |
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The Globe & Mail reported on January 11, 2012 that manufactures are sounding the alarm a scarcity of minerals and metals, including cobalt.
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| November 29, 2011 Shoshone News Press update on Idaho Cobalt Project Publisher: SHONSHONE NEWS-PRESS Author: Kelsey Saintz | |
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| November 01, 2011 Recent Coverage on Formation Metals Publisher: Various Sources Author: Money Show, www.Microcap.com, Korelin Economics Report, Grandich.com | |
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Formation Metals has recently been covered by various newsletter and media in response to its share performance during these current volatile financial markets. The links below include:
1) Peter Grandich discusses the state of the markets with Michael Campbell on Saturday, Oct 29th on the Money Show and discusses Formation Metals around the 25 minute mark.
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| September 23, 2011 High Tech Demand Sparks Return of Cobalt Mine Publisher: TechnologyReview.com Podcast Author: Alison Snyder | |
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In a diplomatic cable released by WikiLeaks last year, there was mention of a cobalt mine in the Democratic Republic of Congo. The document revealed that the U.S. Department of Homeland Security considered this mine so vital that its "incapacitation or destruction ... would have a debilitating impact" on U.S. security or the national economy. That's because the U.S. is the world's largest consumer of cobalt, but mines none of it. Now that is set to change. The first mine in the U.S. dedicated to producing cobalt will open in Idaho next year, reflecting the metal's increasing importance in transportation, communication, and energy technologies. Cobalt is used in rechargeable batteries for wireless devices and hybrid vehicles, and in catalysts for refining gasoline. Half of the $440 million worth of cobalt consumed in the U.S. last year went into heat- and high-pressure-resistant "super-alloy" metals for aircraft engine compressors, combustion chambers, and turbines.
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| September 22, 2011 Idaho Cobalt Project Minesite Flyover and Ground Tour Publisher: Formation Metals Inc. | |
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Click here to view the full videoFormation Metals Inc. | |
| September 19, 2011 Seeking Alpha Report: "Time to Start Accumulating Cobalt and Vanadium Stocks" Publisher: Seeking Alpha Author: Samit Patel | |
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Click here to view the full reportFormation Metals Inc. | |
| September 16, 2011 Forest Service Lifts Conditions on Cobalt Project Site Access | |
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