CLA - Cobalt related news, page-2936

in reality we really do not want to see the price of cobalt rising to 80-90k as then surplus does increase as many mines with unfeasible cobalt operations become relevant. further the fact that it becomes too expensive means an alternative is sought. if this hovered around 40k It would give quality cobalt projects excellent returns however prevent low quality projects in the medium term from supplying the market. The reason for this is the EV market is at its early growth phase and the supply curve could shift into oversupply levels extremely quickly. within 10 years, when the EV industry has expanded with real absorption into industry it will then provide the demand necessary for further supply. the key for companies is to be ready.