Cobalt to Experience Price Restructuring in 2013: Darton

Platts reported that 2013 is likely to see a price restructuring for cobalt, according to a new report from S

As quoted in the market report:

Whilst 2012 will not be remembered as the most exciting year for cobalt price wise, fundamentally the blue metal probably grew stronger and the seeds for a robust recovery in prices were sown,” Darton said in the report issued earlier this month.

To view the whole Platts report, click here.

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Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with Formation Metals to get their latest news instantly.

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