Reuters reports Vale has hired bankers to put together world's first ever cobalt streaming deal worth up to $500 million at its Voisey's Bay mine in Canada.
The miner's autonomous haulage system (AHS) fleet has already moved over one billion tonnes of ore and waste material within the Pilbara region of Western Australia.
Large scale speculators in West Texas Intermediate and Brent crude oil futures have built up bullish positions equivalent to a staggering 1 billion barrels.