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Glencore Investment Could Make Zambia Top Cobalt Producer
Mar. 22, 2013 12:00PM PST
Battery Metals InvestingThe Street reported that Zambia could potentially become one of the biggest producers of cobalt globally with a $27 million investment from Glencore its Nkana cobalt plant, where production is anticipated to increase to rise 7,000 metric tons a year.
The Street reported that Zambia could potentially become one of the biggest producers of cobalt globally with a $27 million investment from Glencore its Nkana cobalt plant, where production is anticipated to increase to rise 7,000 metric tons a year.
As quoted in the market report:
Although Zambia is smaller than the DRC, it’s got the right rocks to produce a lot of cobalt and copper. Running at full capacity, Glencore’s expansion would make it the world’s number-two cobalt supplier.
