Can cobalt or nickel be taken out for delivery?

Posted by Glenn Danker on 11 Jul 2018


As cobalt and nickel are stored in a bonded London Metal Exchange (LME) warehouse located in Singapore, when they are taken out for delivery there will be a 7% GST charged on the value of the cobalt or nickel. Thus, we highly do not recommend as it may not be cost effective to take out for delivery unless you wish to ship them out of Singapore.