In 2022 Cobalt reached US$76,000/tonne. Sitting around...

In 2022 Cobalt reached US$76,000/tonne. Sitting around US$12,000/tonne currently. That sort of price volitility has plagued cobalt for decades. The 4 month ban will lift prices, but only temporary if that is all they do. Largely because the production side of the issue is cheap and will continue to stockpile, well perhaps ? This time there seems more concern about price management long term. Its similar to oil, without some demand supply mechanism to protect the oil price its capable of being the cheapest part of the shipment, the oil drum could cost more than the oil.

If they manage the supply/demand in a way similar to say OPEC and with of near 90% of worlds cobalt, the price they would seek could sit around the US$35,000/$45,000 which would certainly make most cobalt players happy enough.

It is a new developement, worth watching for cobalt interests.

Cheers
Phil.