Big Hill reline could boost cobalt market
Dec 16, 2004 | 09:07 AM
| Chris Evans
Plans by OM Group Inc. to temporarily shut its Big Hill smelter in Lubumbashi, Democratic Republic of Congo, in the first quarter could help bolster the cobalt market, traders said.
The Cleveland-based company needs to reline the furnace at Big Hill and has told investors that the work is likely to take place in the first quarter. It should have taken place this year, but the company decided to delay it until 2005, OMG said.....
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