Global cobalt production capacity expected to be cash positive in 2021 – report
The Dewiza operation came online in 2020 with low sustaining costs on a unit cobalt basis.
(Image courtesy of Copper China).
Market analyst Roskill forecasts that cobalt’s all-in sustaining cost of production will fall by around 2% y-o-y in 2021, from $23,085/t to $22,600t.
In a recent report, Roskill explains that, as a result of this prediction, it estimates that over 98% of cobalt production capacity will be cash positive on an all-in sustaining cost (AISC) basis, based on cobalt price circa $39,700/t.
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