Sorry, forgot to quote the source, World's nickel annual production and reserves, from USGS.gov (U.S. Geological Survey)
According to U.S Geological Survey (USGS.gov), annual production of Cobalt for 2016 year, is 123,000t, 53% from DRC which has a high sovereign risk, China is the biggest cobalt consumer but with only 6% production. China's cobalt reserve is only 80,000t.
CLQ has attracted a Chinese company to invest $81m at premium price for strategic purpose.
ARL, has largest cobalt resource 386,400t in the developed countries, may attract some interest soon, imo.
World COBALT production and reserves:
https://minerals.usgs.gov/minerals/pubs/commodity/cobalt/mcs-2017-cobal.pdf
Largest cobalt resource with lowest valuation, page-93
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