Energy density is exactly why cobalt is a key, its smack in the middle of the periodic table for a reason. The shear size of the global energy change is mind boggling, if you get tied up on short run domestic cars (largly CN) or the DRC (may as well call it China receiving 90% of output kinda makes it that way) is not important to COB, watching what's going on each day in that market will surely see you miss the whole western world recent battery materials picture, that would be a bit of a shame because its all we should be interested in here.
In addition to masses of on road Long-Haul Trucks, High Performance Vehicles worldwide you can add add Trains, Ships, Aeronautical and a myriad of other large battery storage situations, zillions of high density storage needs hospitals, governments, cities, the list is endless, an exponential too big to contemplate for many, rest assured plenty of takers for COB's tiny bit of element 27. Of all the things you need to understand, the first is - energy density, that will serve you well when looking at how the world farms and stores renewables and why cobalt cannot be jawboned down, the facts don't allow it.
Cobalt particularly in western circles is right in COBs wheelhouse, the task when we move on a little from here will be to expand the resource significantly, more than capable in existing locations and waste streams, let the product proving process advance, these things take time. Soft cobalt prices and actors who want to undermine cobalt always get a little more traction with soft prices, cobalt prices will recover as sure and night follows day.
Cheers Phil.
COB Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
