{"id":968168,"date":"2018-08-30T18:02:33","date_gmt":"2018-08-30T18:02:33","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=968168"},"modified":"2018-08-30T18:02:33","modified_gmt":"2018-08-30T18:02:33","slug":"canadian-cobalt-company-says-thieves-stole-76-tonne-hoard-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=968168","title":{"rendered":"Canadian cobalt company says thieves stole 76 tonne hoard"},"content":{"rendered":"

By Frik Els<\/a><\/span> <\/p>\n

Canadian commodity firm Cobalt 27 in its earnings filing reported theft of 76 tonnes of cobalt from a warehouse in Rotterdam in early July.<\/p>\n

A total of 112 tonnes of cobalt, mainly used in lithium ion batteries, was taken from warehouses owned by the Vollers Group in the Dutch city, Bloomberg reported at the time<\/a>.<\/p>\n

Cobalt 27’s stocks \u2013 which were fully insured at market prices according to the Toronto-listed company \u2013 are worth around $5 million.<\/p>\n

Cobalt 27 has stockpiled 2,982 tonnes worth just shy of $200 million at today’s prices, holds options on cobalt juniors and enters into streaming and royalty deals in an effort to be a pure play on the cobalt price.<\/p>\n

Since hitting near decade highs in March near $100,000 a tonne is down by more than a third as new supply from the Congo, responsible for the bulk of cobalt mining, enters the market.<\/p>\n

Cobalt sulphate prices, the refined form commonly used in the battery supply chain, has also succumbed and is trading at its lowest level since November 2017.<\/p>\n

The post Canadian cobalt company says thieves stole 76 tonne hoard<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Infomine<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Frik Els Canadian commodity firm Cobalt 27 in its earnings filing reported theft of 76 tonnes of cobalt from a warehouse in Rotterdam in early July. A total of 112 tonnes of cobalt, mainly used in lithium ion batteries, was taken from warehouses owned by the Vollers Group in the Dutch city, Bloomberg reported […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[360],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/968168"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=968168"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/968168\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=968168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=968168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=968168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}