@philh9 GlobalData uses proprietary data and analytics to...

First 508 Last

Share
Profile

Follow
Clark888

3,977 Posts.

1273

20/03/23

13:04

Post #: 66857752
Share

Originally posted by philh9 ↑

Throw enough money at the cobalt potential in Australia and its likely that our cobalt reserves are many magnitudes more than the current circa 1.5 million metric tons, even at this it is still the second largest resource in the world behind the DRC's 8.3 million metric tons. Over the last few years the DRC has concerned me less and less, in fact these days as a Western cobalt supplier it doesn't bother me at all, even the price which can be set and is often so with the customer/s, I believe we will see a different price discovery mechanism over time, but that's further down the track, everything takes time eh.

I know I have mentioned this before regarding the DRC, it's basically China's cobalt, they cornered the DRC cobalt back in 2009 and were unwittingly supported by the West who bought China's refined cobalt in lots of "stuff" along with just about everything else. How must cash went to China just for batteries, all manner of em! lordy lordy it was/is a pretty penny.

The past is not all that important to the likes of a COB imo. I contend it matters little how much cobalt flows in the DRC/China stream, the West will not buy from that stream, not immediately of course, but soon enough. The West has woken up after decades of buying cheap 'stuff" from China, expecting everyone to play nice. We all loved that ....right. But it had a nasty kick in the tail, it produced a competitor who simply became too competitive to ignore. Better late than never the West has moved faster than I would ever have expected particularly on critical minerals, and that is to their credit!

We will see massive change in the source and supply chains of all critical minerals. COB is a small part of this big picture, however not so small in the fledgling Western Cobalt sector. I expect the DRC/China cobalt stream to be "Verboten" so to speak.

Cheers
Phil.

Expand

@philh9

GlobalData uses proprietary data and analytics to provide a complete picture of the market in its Australia Cobalt Mining to 2026 report, if you are interested.

An extract of this report is attached (without buying the actual report).

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.

COB Price at posting: 33.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

HAR

Haranga jumps +7% on Lincoln acquisition

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

First 508 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 5.3¢		Change -0.001(1.85%)		Mkt cap ! $23.57M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$16.25K	301.3K

Buyers (Bids)

No.	Vol.	Price($)
5	247554	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	8097	1

View Market Depth

No.	Vol.	Price($)
5	247554	0.053
11	324787	0.052
6	447019	0.051
16	886726	0.050
2	320420	0.049

Price($)	Vol.	No.
0.057	20000	1
0.058	129784	3
0.060	100000	1
0.061	133515	2
0.062	50000	1

Last trade - 15.44pm 30/07/2025 (20 minute delay)

COB (ASX) Chart

@philh9 GlobalData uses proprietary data and analytics to...

Ionic Rare Earths falls -7% as momentum slips on vague production update

Haranga jumps +7% on Lincoln acquisition

Neurizon inks $1.5M loan against R&D Tax Rebate

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

@philh9 GlobalData uses proprietary data and analytics to...

Top Stories

Ionic Rare Earths falls -7% as momentum slips on vague production update

Haranga jumps +7% on Lincoln acquisition

Neurizon inks $1.5M loan against R&D Tax Rebate

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News