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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Rich Wolf who wrote (12182)6/16/1999 1:14:00 PM
From: Pronichev  Read Replies (3) of 27311
 
Articles in today's Financial Times US Edition pgs 17 and 30: serious shortages and pricing pressures on Cobalt. One quote: "Japan is the world's second largest cobalt consumer and the situation could have serious ramifications for its electronics manufacturers such as Sony, Matsushita, Toshiba and Sanyo, which use cobalt in batteries, super-alloys and pigments." A graph shows LME pricing going from $8 per pound in Jan. to $24 per pound today.
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