One of the receptions I attended during the LME Dinner Week was in one of Mayfair’s glitzier clubs. There’s nothing unusual about that, you may say - everybody tries to outdo each other in choice of venue.
But this wasn’t Transamine or Triland, Freeport or Mitsui or any of the established regulars; this was hosted by Pala Investments and Cobalt 27, which have piqued the interest of investors looking for exposure to the price of cobalt
, possibly using Cobalt 27 equity as a hedging or trading tool.
It was an excellent party, stuffed with the great and the good of the cobalt world, including pretty much all of the London traders among others -...