C/20 = Z (20 is part of the formula for all size fireplaces) 4. Multiply this dimension (A) by the depth of fireplace (B). Measure across the center not the front opening. C x D = Total pounds of glass recommendedįireplace 1. Measure Length and width of inside of fire pit to be filled. C x D = Total pounds of glass recommended B / 25 = C (25 is part of the formula used for all round firepits) 4. It is also very safe to use, and is the result of a special process which allows the glass to last a lifetime!įire pit & Fireplace Glass Formula (All measurements should be in inches) Replace dated fire pit logs, lava rock and decor with a new modern look Fire glass is a versatile fire media that can be utilized in many different types of fire features, ranging from fire pits, fireplaces, fire bowls, home and vase decor and more! What makes this fire glass stand out from the rest is its large size that makes it appealing in the day or night! It will add style and beauty to your fire feature. Premium quality polished glass! Tempered, safe and for indoor / outdoor use! 1/2" - 3/4" Fire Glass creates a beautiful glow. Replace dated fire pit logs, lava rock and decor with a new modern look!ġ/2" - 3/4" Premium Fire Glass for Fireplace and Fire Pit.½"-3/4" fire glass is general in size as no two pieces are the same.At the start of 2023, the copper price was around 3.80 per pound. Tempered, and safe for indoor / outdoor use! Since January, cobalt prices have fallen from around 51,500 per ton to around 34,500 per ton, with the decline at its sharpest in February, according to the London Metal Exchange.Premium large polished glass create beautiful glow of the flame!.Net direct cash costs at the Moa JV are forecasted to be in the range of US4.25 and US4.75 per pound. The Canadian Government’s Critical Minerals Strategy goes as far as saying that “critical minerals represent a generational opportunity for Canada’s workers, economy, and net-zero future”.įor the miners out there, we hope you can keep holding on for the upswing.Price Per Pound - Order Quantity = Number of Pounds Finished cobalt production in 2021 is expected to be 3,300 3,600 tonnes on a 100 basis. Zoom out: Despite the rapid collapse in cobalt pricing and the fall of other similar mineral prices, the long-term prospect of critical mineral extraction and refining remains bright thanks in large part to energy transition investments and rapid technology advancement across almost every sector. While regional differences do exist and fancy investments can be used to limit risk, producers can mostly just focus on keeping costs low and hope the market doesn’t act unpredictably (it usually does). Producers of oil, minerals, and even wheat all deal with a unique disadvantage relative to most other types of business: they don’t control the sales price of their products. Pricing uncertainty: The business of mining, extracting, and refining raw materials for sale on an open, global commodity market is not for the faint of heart. The risk of change: One risk facing so-called critical minerals – including cobalt – is rapid technology change, particularly those minerals used in electronics.Ī miner may bring on new production to take advantage of demand, only to find out that what started as a high-demand mineral, may no longer be as important after the latest technological breakthrough. USD per pound Courtesy of the Financial Times, data from Fastmarkets This is due to the cost and performance of other battery types, alongside human rights concerns in the Congo, which provides some 75 percent of the global cobalt supply.Unfortunately for producers, not only was demand for consumer electronics lower than expected (thanks inflation), but battery and EV manufacturers have been rapidly transitioning away from cobalt-based products. Partially in response to high prices, the global supply of cobalt ramped up by some 23 percent between 20, bringing an additional 35,000 tonnes to market. The demand for electronics during the pandemic sent the price of cobalt soaring. Cobalt Cobalt is a hard, lustrous, grey metal with a high melting point (1493C). Historically, Cobalt reached an all time high of 95250.00 in March of 2018. What happened: The price of cobalt has fallen to its lowest point in two years, some 60 percent below last year’s peak, reversing almost all of the price gains realized between 2021 and mid-2022.Ĭobalt is a key component of consumer electronics and rechargeable batteries and is largely extracted as a byproduct of copper and nickel mining. Cobalt decreased 19,255 USD/T or 37.06 since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Flames to dust, lovers to friends hot cobalt prices to collapse, why do all good things come to an end? It looks like Nelly Furtado was asking the right question after all.
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