The world supply of cobalt is 100,000tpa
Which means TGS will make up 1% of the world copper output.. Global consuption is about 120,000.
With Tesla, Apple, Solar Power in China there is a really large increase in demand for this stuff and just no where near much supply.
Cobalt use to be $50lb in 2008 before the financial criss when people though electric cars were the future, back then it was speculative, now its a reality. Tesla has already started mass producing, it needs lithium which is abundant as well as cobalt which is scarce. Want to take a guess as to which of these will go up more in price?
TGS Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held