Broken Hill global cobalt province., page-290

From 2024, the market is forecast to shift back into a deficit.This deficit will keep getting bigger into the medium term as supply growth fails to keep pace with demand, the Institute says.“From 2024-26, supply growth will average 8% per year, compared to more than 12% for demand,” it says.“Prices will remain elevated to incentivise further investment and prevent wide deficits developing.“Supply side investment remains critical to ensure sufficient supply into the longer term as cobalt demand continues to rise even higher.”Perfect timing for ASX project developers like Cobalt Blue (ASX:COB), whose Broken Hill cobalt project (BHCP) is one of the only large scale, non-African, greenfield primary cobalt projects in the world.The 81,000t BHCP could be in production by mid to late 2025.It would produce +3,500tpa cobalt metal eq over 20 years at a very low all-in sustaining cost of $US12/lb – making it profitable even at record low prices.A demonstration plant is now up and running to deliver large scale samples to potential offtake partners.Project approvals and a BFS will be finalised by the end of the year, ready for a final investment decision on the project by Q1 2023. QUOTE From * 18/8/22

Agree reshape ,,, people don’t understand the cobalt market but this year will educate them as to the huge potential some companies will enjoy. Of course in my opinion COB will lead the pack being a rare ethical primary resource with proven capacity being demonstrated to the 32+ partners currently evaluating their requirements from the demonstration plant . This year will be exciting IMO.