A combination of risk factors in Africa and a slump in cobalt prices have cost Glencore $ 350 m , the company has said . core 's share price has fallen by around 7 % this year due to losses in the Democratic Republic of petroleum and Zambia . The ##core is also facing a mark - to - market loss on around 200 mt of unsold petroleum , which has fallen in price to around $ 30,000 per mt , down from $ 60,000 in late 2018 .
A combination of risk exposure in Africa and a slump in cobalt prices have cost Glencore $350m, the company has said. Glencore's share price has fallen by around 7% this year due to issues in the Democratic Republic of Congo and Zambia. The company is also facing a mark-to-market loss on around 10,000 mt of unsold cobalt, which has fallen in price to around $30,000 per mt, down from $60,000 in late 2018.