Cobalt,nickel,copper salt suppliers---Yihua Chemical Co., LtdCobalt Nickel Supplier--Yihua Chemical Co., Ltd

Cobalt,nickel,copper salt suppliers---Yihua Chemical Co., Ltd
<< Home << News

News

The Cobalt Capacity Reached 17,000 Tons in the First half of 2012

In the first half year of 2012, Cobalt capacity of Glencore reached 6,340 Tons. 6210 tons were from their own raw material and 160 tons were from third party material. While Glencore’s capacity was 6370 tons during the same period of last year. The United States Free Port Company’ Tenke Fungurume project in Province du Katanga République démocratique du Congo yield crude Cobalt Hydroxide 5443 tons, almost the same as last year. The average price was at U.S.Dollar 8.4/pound. Tenke project could process 8000 tons ore per day according to the original plan. In the first half year of 2012, it reached 12500 tons per day on average. Currently, the project is being expanded and aims to reaching capacity 14000 tons per day. In the second quarter of 2012, Eurasian Natural Resources Corp’s Cobalt capacity was 2615 tons, falling 1.9% year-on-year and 4.4% period-on-period. In the first half year of 2012, the capacity reached 5351 tons, with a year-on-year decline 2.2%. At the end of July, Eurasian Natural Resources Corp was granted Frontier Cupper Ore Mining license by République démocratique du Congo. The government will issue new license in few weeks. The mineral will be provide to Frontier processing plant. The plant was reached in March this year and the first quantum Association. Eurasian Natural Resources Corp said this is an important deal for the plant. It consolidated its position in the République and make the frontier plant work smoothly. Frontier project will bring the Corporation cupper capacity increase by 90000 tons, speeding up Eurasian Natural Resources Corp’ step to be one of the main suppliers for cupper over the world. The above three main Cobalt suppliers capacity reached 17 million tons in total in the first half year of 2012, slipped compared to the same period in 2011. However, there were some new Cupper & Cobalt projects have been started. Such as Ramu of MCC, Madagascar Ambarovy of Ritter, etc. Their byproduct Cobalt would be poured into the market. The excess supply pressure still exist in the International Cobalt market.


Copyright © Yihua Chemical Co., Ltd., All Rights Reserved.