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Chinese cobalt output hit by power shortage

June 03, 2011 - 08:48 GMT Location: Shanghai

KEYWORDS: China , cobalt

Chinese cobalt producers are cutting production due to the spreading power shortage, which is expected to worsen in the coming summer and may help underpin domestic prices

In Hunan province, where many metal smelters are suffering from power cuts, a major cobalt tetroxide producer told MB it could only operate at two-thirds of its capacity. "This is painful, we can't run at full capacity due to the power quota policy... I am afraid we can't deliver our orders on time now," said a company official. Local city authorities...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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