Ann: Response to ASX Price Query, page-37

“The one thing that 2021 does have that the preceding two years did not have is tight cobalt supply, particularly for the battery feedstock of choice, cobalt hydroxide,” Benchmark says in a recent note"

“Cobalt stocks have been whittled down due to the strengthening, real demand from the lithium ion battery sector due to electric vehicle (EV) sales"

“Not only is demand increasing, but the cobalt market is set to transition into undersupply imminently as demand begins to outstrip supply, due to a lack of investment in the upstream following nearly 3 years of low or falling prices.”

It’s stocks like Cobalt Blue, one of the last remaining pure play cobalt explorers on the ASX, who will benefit the most from improved sentiment and demand.

COB is planning pilot plant cobalt production for Q1 this year. A pilot plant is smaller version of the real thing, designed to test whether the process works in the real world.

COB says it is currently working with 15 global partners who have expressed interest in receiving cobalt samples, including big players like LG International, Mitsubishi Corporation and Sojitz Corporation.

Excerpts from @ Stock Head Article