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  • La Compagnie Miniere De Camdove starts cobalt hydroxide trial production

    2020-07-24 08:26:30   [Print]
    BEIJING (Asian Metal) 24 Jul 20 - La Compagnie Miniere De Camdove SAS, a cobalt concentrate 8%min producer in Congo, started trial production of cobalt hydroxide 40%min in early July 2020 and plans to get the first batch product of around 10t in early September 2020.

    "We started the construction of the cobalt hydroxide 40%min plant early last year and finished it in this H1. We started trial production of early this month and would get around 10t of the material around one and a half months later," said a source from the company, who added that they plan to start the official production in early Q4 of this year and the designed production capacity of the cobalt hydroxide 40%min plant reaches 3,000t.

    With an annual production capacity of 60,000t, La Compagnie Miniere De Camdove SAS started producing cobalt concentrate 8%min in 2016. The company produced about 55,000t of cobalt concentrate 8%min in 2019.Asian Metal CopyrightBEIJING Asian Metal 24 Jul 20 - La Compagnie Miniere De Camdove SAS, a cobalt concentrate 8%min producer in Congo, started trial production of cobalt hydroxide 40%min in early July 2020 and plans to get the first batch product of around 10t in early September 2020.Asian Metal Copyright Its cobalt concentrate 8%min output in so far this year reached about 30,000t in spite of the spread of COVID-19 since late March 2020.Asian Metal Copyright5lb FOB Congo at present, down by around USD0.Asian Metal Copyright The company plans to sell their cobalt hydroxide 40%min mainly to Chinese buyers.

    Dragged by the weak demand and abundant supply, cobalt hydroxide 40%min mainstream prices in Congo slide to USD13.0-13.5/lb FOB Congo at present, down by around USD0.2/lb from one week ago.Asian Metal CopyrightBEIJING Asian Metal 24 Jul 20 - La Compagnie Miniere De Camdove SAS, a cobalt concentrate 8%min producer in Congo, started trial production of cobalt hydroxide 40%min in early July 2020 and plans to get the first batch product of around 10t in early September 2020.Asian Metal Copyright Suppliers prefer to watch the market rather than lower prices further as a result of their low profit.Asian Metal Copyright Consequently, insiders forecast that cobalt hydroxide 40%min prices in Congo would hover at current levels in the coming week.Asian Metal Copyright Consequently, insiders forecast that cobalt hydroxide 40%min prices in Congo would hover at current levels in the coming week.

    .Asian Metal Copyright The company plans to sell their cobalt hydroxide 40%min mainly to Chinese buyersAsian Metal Copyright
    NCM 622 Delivered China
    Unit:RMB/mt
    NCM 622 Delivered China RMB/mt
    China cobalt carbonate producers' inventory to production ratio statistics by province by month
    Unit: %
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