[SMM data] Glencore 2018 cobalt production increased 54 per cent year-on-year to 42000 tonnes

Published: Feb 11, 2019 11:56

Source: Shanghai Nonferrous Metals Network

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SMM2 11: recently, Glencore (Glencore) released the 2018 annual production report. According to the report, the company's cobalt production increased 54 per cent to 42000 tons from a year earlier, mainly related to Katanga, and the company expects to produce 57000 tons of cobalt in 2019, fluctuating 5, 000 tons.

The mine in Sudbury, Raglan,Nikkelverk, Canada, produced 900 tons of cobalt in 2018, up 13 per cent from 2017. The mine in Murrin, Australia, produced 2900 tons of cobalt in 2018, up 7 per cent from 2017.

SMM expects that the supply of cobalt raw materials will significantly exceed demand in 2019, and the cobalt price bubble will gradually eliminate and return to rationality in the seller's market. If the mine shipment is not ideal, the output may not be as good as expected.

2019 (fourth) Ni-Co-Li-mn Industry chain Summit-Global Lithium Technology Symposium invites cathode materials and lithium battery enterprises to explore the new trends of industrial chain development, interpret industry policy trends, and analyze future price trends! Review 2018 with 90% of the bosses, purchasing and general workers in the industry, look forward to 2019, and imagine 2020!

Meeting details: 2019 (fourth) Ni-Co-Li-mn Industry chain Summit (click on the link to see details)

[2019 Ni-Co-Li-mn Industry chain Summit]

Boutique meeting, New year feast!

Summit consultation, Ms. Wang

15221119163 (same as WeChat)

Scan QR code, apply to join SMM metal exchange group, please indicate company + name + main business

Cobalt Glencore mining production capacity

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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