Having said that, Gerbens believes nickel-cobalt-manganese (NCM) will continue to play a key role in EV batteries.“I think the majority of the EVs that are going to be sold outside of China will still have NCM chemistry,” he said. “The overall volumes are still large enough for NCM chemistry to still have a very dominant role in the EV battery.”For investors interested in cobalt, Gerbens said he has been following what’s happening in the cobalt metal market.“I think the metal market is more and more its own dynamics right now, and we're actually not seeing that sort of oversupply on the metal side, with demand having been surprisingly strong this year from the alloying side.” QUOTE
The volatility in the market will help COB in the future as companies will be seeking long term stable supply from secure jurisdictions that provide strong ESG credentials IMO.
https://investingnews.com/andries-gerbens-cobalt-market-forecast/
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