This 6-month Cobalt price chart shows the underlying 6-month trend line.
The ascending triangle pattern points to a break out in the direction of the underlying trend and experience suggests a 2-dollar flagpole. We might see a possible new USD pound price level at or near 30.
VW recently failed in luring bidders for its tender 2 months ago. Latest news is they have called in the main supply-side players to talk turkey. To me, that means higher prices.