Metals News
[SMM data] Glencore 2018 cobalt production increased 54 per cent year-on-year to 42000 tonnes
translation
11:56AM
Feb 11,2019
Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

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.

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