Glencore held stocks of 12,797 tonnes of cobalt at end of 2019
"These stocks have been hanging over the market and held down prices," a cobalt trader said.
Latest Stories
Gemfields trades again in London after almost three years
The company will use the symbol GEM, the same it had before taken private by Pallinghurst Resources.
Senegal approves Barrick’s Massawa sale to Teranga
The Senegalese government will hold the remaining 10% interest in the project.
Portuguese communities lock horns with lithium miners to save their land
At least five municipalities have passed motions against exploration and grassroots groups have signed a national manifesto opposing the government's mining strategy.
Botswana seeks new De Beers diamond sales deal by end of April
Country wants to see more gems cut and polished home, creating jobs and boosting the state coffers.
Palladium One moving forward with Finnish project permitting
The company is focusing efforts on its palladium-dominant Läntinen Koillismaa project.
Premier kicks off exploration at Hasaga project
The Ontario-based company is testing the expansion of two target areas where drilling has delineated significant high-grade mineralization.
ICMM steps up game for miners with membership requirements update
Last updated in 2003, the fresh set of principles respond to increased pressure for miners to carry out socially-responsible investments and operations.
Sirius Minerals’ last-minute attempt to avoid Anglo takeover fails
The fertilizer company evaluated over the past week a plan to raise $680 million put forward by a consortium of financial investors, but talks didn’t go anywhere.