The cobalt market will remain well supplied until around 2025, when it is expected to shift to a structural deficit.“Demand growth of 10 percent CAGR is forecast to 2030, compared to 6 percent for supply,” according to the report. “With additional supply required to fill the widening forecast deficit, cobalt prices will move higher to incentivise investment.” QUOTE Always considered 2025 will be the year the market takes off , COB well placed to take advantage of this as mentioned before offtake agreements will need to be executed now for companies to provide for their individual requirements or be left out in the cold IMO.
