IRENA - Cobalt on top of most critical material lists, page-6

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tankhexman

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21/07/23

12:22

Post #: 68908333
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Originally posted by tankhexman: ↑

"The issue is expected to come to a head when the Treasury Department completes rules forelectric-car tax credits. The department has proposed that cars using battery materials that were produced by a “foreign entity of concern” such as a Chinese company wouldn’t qualify for tax credits beginning in 2025.
Many expect Treasury to use a loose standard so that some cars qualify, potentially fueling criticism from some politicians who crafted the climate law such as Sen. Joe Manchin (D., W.Va.), who has argued more lenient criteria go against the intent of the Inflation Reduction Act. Treasury is monitoring shifting markets and supply chains while making rules that advance the law’s goals, a spokeswoman said. "
WSJ 07/20

The price and supply of Cobalt assessments IMO in general fails to incorporate the exclusionary impact of US legislation (which will be mirrored by the EU) effectively limiting if not excluding DRC sourced and or China refined Cobalt.The exclusion invariably will be influenced by China / US political relationship. further distorting supply/cost/demand . All factors impacting COB which require Management and Feds to speed up development to establish a supply chain that presents a solution to above

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ditto stock headshttps://www.theaustralian.com.au/business/*/asx-mining-firms-set-for-cobalts-new-esgfriendly-dawn/news-story/fc5afb7ca89e06cbc6a973641f292d57

COB Price at posting: 43.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Last 9.1¢		Change -0.003(3.19%)		Mkt cap ! $38.44M

Open	High	Low	Value	Volume
9.4¢	9.4¢	9.1¢	$44.72K	480.3K

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No.	Vol.	Price($)
3	68615	9.1¢

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Price($)	Vol.	No.
9.2¢	59177	1

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No.	Vol.	Price($)
3	68615	0.091
11	254343	0.090
1	23047	0.089
1	15000	0.088
1	22988	0.087

Price($)	Vol.	No.
0.092	59177	1
0.095	50672	2
0.096	206622	2
0.097	100000	1
0.099	50000	1

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IRENA - Cobalt on top of most critical material lists, page-6

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IRENA - Cobalt on top of most critical material lists, page-6

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