We need an ‘elephant’ cobalt mine every two yearsBut let’s back up a bit.As per the Cobalt Institute’s report, 12% demand growth from 140,000t is 16,800t of extra cobalt metal a year, every year.COB is working on a more conservative 8,000 to 9,000tpa – which is still massive.“That’s ~3 of our projects, to give you a yardstick measure,” COB CEO Joe Kaderavek told *.“The two biggest cobalt mines in the world are about 20,000t of cobalt, so you can see we need an elephant mine every two years.“The demand growth is material.” QUOTE in * August 2022
COB is in a strong position to win in 2025
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