This past quarter was packed with news for the cobalt industry. The quarter saw legal action taken against Glencore in the DRC by both state miner Gécamines and ex-business partner Dan Gertler. While both were ultimately settled by the Swiss miner, the company’s legal woes only deepened as the resolution was followed by a subpoena issued by the US Government on 2nd July.
In addition, the quarter saw the $690m streaming deal for material from the Voisey’s Bay mine expansion, between Vale and partners Wheaton and Cobalt 27, importantly showing the intent of the capital markets . . .