Glencore strategy to underpin cobalt prices post covid-19

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.


To read the full article, click here.



  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform