Charts for COB, page-47

The subsequent decline in 2018 due largely to four factors all hitting at around the same time:
1- The market jumping the gun with the auto industry being too early stage in its EV transition (supply wouldn't squeeze until 2022+)
- This time around the auto industry is ready to lockdown supply, so this time it'll be different
2 - China dumping large volumes of stockpiled cobalt onto the market
- They are hoarding a lot more supply for their own industry so don't see this happening again
3 - Musk tweeting that Tesla was aiming for cobalt free batteries
- I think we all agree that long range EV still has no substitute for cobalt

And more directly for COB
4 - Legal proceedings with BPL
- Now resolved