Cobalt prices may rise as Congo output set to slip

Newswire

By Daniel Magnowski MARRAKECH, May 19 (Reuters) - Big mining companies' entry into the Democratic Republic of Congo will not come soon enough to meet demand for strategic metal cobalt, dealers in this opaque market said at an industry conference this week. Production of cobalt in the DRC -- the world's biggest source -- will fall in 2006 as small miners switch to copper and larger firms build infrastructure, leaving users of the metal facing higher prices. Cobalt is used in products ...

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