Cobalt only going one way for the foreseeable future. Still not high enough to bring on the production that is needed. Several factors in play, with end users probably stockpiling to get ahead of any big spikes.
Also interesting that Glencore is the major supplier, it's in their interest to bring new supply on slowly IMO. They want the price to be as high as possible, for as long as possible. They have the power to set the Co price in effect. But I'm sure they are fine upstanding corporate citizens...
Cobalt 78k a tonne, page-2
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