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It's all a tad bizarre at the moment given the continual downfall of the cobalt price on the LME.
I am starting to feel like the LME price is channeling more like a technical traders desk rather than actual supply/demand.
I have heard that the Chinese warehouses cunningly buy massive amounts of inventory when the price is low and then as soon as the price ramps up they shed 25% of the physical supply bought to suppress the market.
Anyway this will all be over soon as I've also heard there are a couple of hedge funds who are going to follow the Cobalt27 train of thought. It's going to be fun to watch. I personally see the cobalt price at $100k per tonne by Feb/Mar next year; the energy to density level from a scientific approach can not be matched. Whomever has their foot in the door early will certainly be rewarded.

NL.