IMO timing is looking good for COB to have the refinery up and...

IMO timing is looking good for COB to have the refinery up and running when the market is starting to shift. The obvious difficulty will be the financing of the project in the current market climate. Hopefully some government grants will aid in this and the emergence of an alternative pricing structure for ex-china supply should lift the sulphate prices. Ex-China battery supply is very much based on cobalt chemistries as outlined in the report. With the increase to Chinese EV/battery tariffs in US and EU markets (constantly evolving as seen in the news over the past few weeks) we will see a smaller supply of eligible cobalt while the demand is increasing. The market and regulations are evolving but the overall vision is to reduce/remove ICE vehicles by the use of legislation, so the uplift in EVs will be massive. I'm only looking at the numbers presented and if they are correct we should be in the front seat then the refinery is up and running. Fingers crossed as who knows what's around the corner with wars and elections all over the world.
GLTAH hopefully we will have some exciting news over the next few months.

Launch of Cobalt Market Report 2023 – by Harry Fisher
From the Cobalt Congress 2024, 13-14 May 2024 SOFITEL MANHATTAN, NEW YORK, USA

Link to slides below.
Cobalt Market Report Prepared by Benchmark Mineral Intelligence for The Cobalt Institute