Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

Some notes I took notice of from mining.com where you can read more. The images give a pretty solid case for cobalt in that they all need it, many are trying to cleanse DRC supply and to some extent they will because they need cobalt for many decades to come, which is very good for holders I suggest.

https://www.mining.com/charts-tesla-v-volkswagen-v-byd-battery-power-lithium-nickel-cobalt-use/

“Volkswagen deployed more cobalt and on a relative basis more metals across its brands. That’s in part due to high-performance vehicles like the Porsche Taycan and Audi e-tron, some of which come equipped with higher nickel NCM batteries where cobalt can represent up to 20% of the metal mix”Data supplied by Adamas Intelligence Battery Capacity and Battery Metals Tracker which tracks demand for EV batteries including hybrids by chemistry, cell supplier and capacity in over 100 countries. Only full battery-electric vehicles are considered, Volkswagen and BYD’s hybrids and plug-in hybrids are excluded. Additionally, to produce the most accurate data, the battery metals deployed numbers in the tables do not include cars leaving assembly lines, those on dealership lots or in the wholesale supply chain, only end-user registered vehicles.

As such, the tonnages reflected in the end-product are fractions of what would have been procured upstream.“Cobalt for Development” initiative to support improving artisanal cobalt mining conditions in the Democratic Republic of Congo.The project is being implemented by GIZ and financed by BASF, BMW Group, Google, Samsung Electronics, Samsung SDI and Volkswagen.The group is also backed by Glencore Plc and major Chinese cobalt refiner Zhejiang Huayou Cobalt Co.


Cheers
Phil.