Anyone but Huayou, page-8

Another important development is the growth in NCM 811 batteries that require low impurities in the lithium hydroxide production and use less cobalt.
Glencore could be in a position that less cobalt is needed from its production but increase in its Nickel.
AVZ have very low iron content ,one of the few sources except for greenbushes world wide.

"Benchmark Minerals stands by its statement that cobalt will not be engineered out of a lithium ion battery for the foreseeable future.
However, if the industry moves towards having zero cobalt in a battery, then it is likely that in ten years time all you will be left with is the ‘salt on the salad’ whereas nickel producers will be eating the whole plate."

https://www.benchmarkminerals.com/h...tra-push-to-engineer-cobalt-out-of-a-battery/

https://www.reuters.com/article/us-...cobalt-batteries-in-2019-source-idUSKBN1L213C

ALL IMO