Enter the elephant in the room: China. It's not just that the world will need more cobalt. It's that what there is will be tightly controlled by China, giving them a huge advantage in the EV revolution over the next 5-10 years.
As we all know, China now controls 8 of 14 DRC cobalt mines, and an even higher % of global refining capacity. I think the strategic importance of this to China, the risk to Japan, S Korea, Germany and the US, and the opportunities it will create for Australian companies like [BAR] are yet to be fully realised by many battery minerals investors. Of course many of you will be across this, but for those keen to read more, below are a couple of excellent articles exploring China's cobalt movements.