Price is remaining stubbornly low. At some stage these factories need product as the batteries need more than air.
I think it is a bit like a duck swimming on a pond. From above you see the duck moving forward albeit slowly, but underneath the surface the legs are frantically peddling as fast as they can go.
https://www.baystreet.ca/stockstowa...k-Up-Cobalt-Supplies-from-Responsible-Sources
Automakers have been among the first to seek ethical supplies of cobalt and now are going as far as to claim they will by only buy from producers who offering proven responsible sources. BMW, among others, are leading the charge.
Initially BMW claimed the pilot involves blockchain technology and that the company is “open” to working with other partners from the automotive industry. That has since shifted slightly as a BMW official recently stated that the leading brand will buy its cobalt exclusively from Australia and Morocco. Not a big pivot for an automaker, but it does cut to the heart of the cobalt issue.
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