Glencore Plc’s unit in the Democratic Republic of Congo will temporarily suspend sales of cobalt from its Kamoto mine after detecting low levels of radioactivity in supplies. The suspension comes at a convenient time for cobalt producers because there are mounting concerns that too much is currently being mined. Katanga accounts for about a quarter of Glencore’s African cobalt production, with 6,500 metric tons of the metal being mined in the first nine months of the year. Glencore shares fell 2.3 percent. So far, some 1,472 metric tons of cobalt have been impacted by the suspension, Katanga said in a statement.

Source: thestar November 06, 2018 15:56 UTC