MINING.COM | A year ago Glencore announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak, hit 18 months before.
Given that Mutanda is the world’s largest cobalt mine and responsible for around a fifth of global output in a market of just 135kt per year, market reaction was muted. Congo dominates world cobalt production and Mutanda was responsible for 60% of the Swiss commodities giant’s annual output.
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