Full article:
https://**promotion blocked**/resou...abilised-heres-where-its-probably-going-next/
Key take aways:
Research director Gavin Montgomery says “rumours of the death of cobalt have been greatly exaggerated”.
“Our base case view has cobalt demand essentially doubling by as soon as 2025, before demand growth really starts to accelerate as EV penetration grows,” he said.
“We remain of the view that the cobalt market will slip into surplus for the next few years.
“For cobalt fundamentals over the long-term, however, the supply picture is altogether more challenging.
“Further out, the market slips into deficit – one that will struggle to be met. Indeed, by the early 2020s, cobalt demand looks to be expanding by around 13 kilotons a year, meaning the equivalent of a major new mine is required each year.”
Bring on 2020!
DYOR
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