CMOC surpasses cobalt guidance adding pressure on prices

CMOC announced it had surpassed full-year cobalt production guidance by the third quarter, piling pressure on prices already languishing at multi-year lows. The unprecedented scale of CMOC’s supply ramp up in the Democratic Republic of Congo (DRC) has plunged the cobalt market into oversupply, resulting in a sharp downturn in cobalt prices as the market […]