Broken Hill global cobalt province., page-168

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the_contrarian

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26/10/22

12:06

Post #: 64404401
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Originally posted by hksev2: ↑

Hey the_contrarian

I think you missed the point. Even with reduced levels of Cobalt in batteries, even with LFP in mass produced vehicles in China and even with recycling. We are still going to need a lot of Cobalt. Lots more then is in current supply. Many more mines then just COB. You need to catch up on the latest industry reports that have taken your elements on board. Still need lots.

COB has supply for just 5 million vehicles. Ethical supply. GM will be selling a lot more then just 500,000 EV cars per year. 2024 was always the year marked for massive Supply/Demand issues. COB is coming online at a perfect time.

Yes solid state batteries is the realistic tech that will be implemented within 5 years. And im waiting to buy an EV that has this tech. I believe Toyota is in front at the moment. And the battery chemistry is not changing for this tech.

LFP is actually doing Cobalt a little favor in my opinion. We need it. Without it we would have dramatic supply issues of Nickel, Cobalt etc.... The two chemistries were balance out and keep the price for the commodities at fair levels.

Your points have already been considered and the CEO of COB talked about this. It dosent change the future for COB.

The concern is the global market and that effects everyone and everything.

Looking at COB, an off-take agreement will put an end to "Is cobalt needed". COB has meet with presidents of countries. Its not a very common thing. Im expecting the deal to come in JAN/FEB.

Expand

There's no doubt that cobalt is required. NCM/NCA batteries won't disappear overnight. But ternary batteries need to have a bigger advantage than just density for them to be the battery of choice.

Who knows, the brainy guys behind the chemistries might end up combining the two and we'll see a mid-range option with iron-phosphate based batteries with nickel and cobalt.

COB Price at posting: 68.5¢ Sentiment: None Disclosure: Not Held
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