Glencore issues force majeure on cobalt supply due to South Africa flooding
2022-04-20 14:25:40 [Print]
The world's largest cobalt producer Glencore is unable to fulfill contractual deliveries of cobalt hydroxide out of the Democratic Republic of Congo after severe flooding in South Africa hit warehoused goods and impacted logistics.
Heavy rainfall started on April 8 and has caused widespread damage throughout the KwaZulu Natal province, including Durban, which hosts the main port for cobalt hydroxide exports trucked from the DRC.
Glencore produced 31,300 tonnes of cobalt in 2021, up 14% on the year boosted by the limited restart of Mutanda in the DRC.
Heavy rainfall started on April 8 and has caused widespread damage throughout the KwaZulu Natal province, including Durban, which hosts the main port for cobalt hydroxide exports trucked from the DRC.
Glencore produced 31,300 tonnes of cobalt in 2021, up 14% on the year boosted by the limited restart of Mutanda in the DRC.
NCM 523 Delivered China
Unit:RMB/mt
China cobalt carbonate producers' inventory to production ratio statistics by province by month
Unit: %
