Best cobalt story on the market, page-15

Battery demand growing. New cobalt production limited. (albeit as byproduct from base metals production - may increase 2017)
Battery consumption grown ~10-12%pa last 10 years (Lithium Ion) - Assuming no chance in battery chemistry mix (not all battery chemistries use cobalt) - implies 10-12 % more cobalt needed if growth continues.
Battery producers want cobalt production outside DRC (main producer at the moment)
Chinese cobalt price up 30% last few months.