Cobalt is under siege as production targets are not met and prices continue to fall following a 65% y-o-y plummet in the battery metal price during the past 12 months
In February ERG announced it would place its Boss Mining operation on care and maintenance and suspend the company’s Chambishi refinery in Zambia.
The suspension of ERG’s Chambishi refinery in Zambia came shortly after the Zambian government imposed a 5% import tax on copper and cobalt concentrates.
Although this sounds dramatic, the suspension of the Chambishi refinery had been expected for some time and will have . . .