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Thread: cobalt

  1. #1
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    Default cobalt

    I am starting a thread on cobalt - producers or preferably near term producers.

    Lots of companies seem to have some cobalt as part of copper or nickel operations but is there any companies focussed predominantly on cobalt?

    Obviously the price has risen substantially in the past few years but I sort of think with the demand for cobalt in the aerospace industry and batteries and electric motors the demand will only increase.

    Think of all the airlines replacing all their old planes. There has been some huge orders for Boeing and Airbus last year.

    Any suggestions would be appreciated.
    Last edited by The P.O.D.; 05-01-2008 at 11:26 PM. Reason: spelling
    The P.O.D.

  2. #2
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    Default

    Been thinking the same myself after reading the following yesterday.

    http://www.mineweb.co.za/mineweb/vie...3655&sn=Detail

  3. #3
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    Default Cobolt

    Hi POD, Try this link from 24dec07: http://www.theaustralian.news.com.au...-18261,00.html

    Under "Cobolt Bolts" ...Stand by, then, for the float of Broken Hill Cobalt. It will be a spin-out from Heritage Gold NZ,.......

    This is discussed frequently on the Heritage Gold...HGD thread on Sharetrader NZX. BAP & Jess9 seem to be most up to date with all this.
    Also check their web site for info http://www.heritagegold.co.nz/
    Is duel listed HTM.ASX & HGD.NZX
    Well worth while considering, IPO info expected very soon so be quick! Great entry point at around AU4.5c on ASX
    Good luck.
    Last edited by doon; 06-01-2008 at 07:01 PM.

  4. #4
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    Default Cobalt

    And here is another one from The Australian 7jan07
    Cobalt prices got off to a good start with a sale at a post-1979 record of $US45 a pound, and everyone is confident the all-time figure of $US50 will soon be matched. Supplies from the main source, the Democratic Republic of Congo, have been disrupted and BHP Billiton and Norilsk Nickel are finding that each new sale is at a price higher than the preceding one.

    Think hybrid cars. The batteries in Toyota's Prius each contain 2.5kg of cobalt, and only 65,000 tonnes are produced each year worldwide. Keep an eye out for announcements that contain the world "cobalt".

    http://www.theaustralian.news.com.au...48-643,00.html

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    Last edited by BAPP; 08-01-2008 at 07:46 AM.

  6. #6
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    Default

    thanks for that. I quite like the look of HGD/HTM.

    With cobalt you have to take a risk on the associated resource that comes with it - gold, nickel, or copper. Probably gold is the safest bet for this year. I think the following cobalt related stocks look promising.

    BAR,HAV,JRV,MRE,SMY,HTM,VCN, CMR
    Last edited by The P.O.D.; 08-01-2008 at 10:11 AM. Reason: added CMR
    The P.O.D.

  7. #7
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    And we are reminded what a superb set of assets BHP is.

    I guess Co will be only a "minor" product for them but still makes them a major player in that market?

  8. #8
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    Default Cobalt News

    For an extensive overview on cobalt I recommend the following article and website:

    http://www.thecdi.com/cdi/images/new...news_jan08.pdf

    The article is quite 'lenghty' but worth reading if you have time.
    There are several key points relating to future production and demand.

    Cheers
    BP

  9. #9
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    Default Cobalt price

    Cobalt is now being quoted at US$45.75c per pound.

    http://cobalt.bhpbilliton.com

    Correct me if I'm wrong, but I think that equates to about US$100,000 per metric ton.

    Cheers
    BP

  10. #10
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    Cobalt price still moving up...now US$46.25

    http://cobalt.bhpbilliton.com

    At this rate we could easily hit US$50+ by the end of the month!

    Cheers
    BP

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