The cobalt market will remain well supplied until around 2025,...

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bluesamurai

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06/06/23

10:03

Post #: 68147660
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Originally posted by bluesamurai: ↑

The global battery industry, which is critical to the success of the climate transition, depends on three key materials: nickel, lithium and cobalt. Nickel makes it possible to increase the so-called energy density of the battery, thus enabling the production of more powerful units. Lithium is needed to generate voltage. In turn, cobalt protects the cathodes from overheating and extends battery life. QUOTE.
Thanks for your positive post motorheadbeany,,, the points mentioned regarding ensuring battery life and protection from overheating should not be taken lightly cobalt is essential in the ongoing battery mix IMO

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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
As I have mentioned on previous posts 2025 will be the crunch year for cobalt all of the potential players assessing their raw materials requirements have to make decisions now to be able to cover their needs in the market IMO

https://investingnews.com/cobalt-institute-forecast/

COB Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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