Another week, another long term deal taking out the supply.
They also did a deal with BMW to be supplied from the Murrin Murrin mine in Australia that wasn't mentioned in your post.
The news of this deal alone isn't something to write home about, but combine it with all the other deals, plus Miranda being taken out, the DRC Gov stepping in to control artisanal miners from killing the market, all of it makes it a strong case for cobalt price to rally.
The other thing to consider is the effect of the coronavirus. We know that production is constrained, but demand will not be constrained because there are people wanting EVs in less affected countries. Not sure what is the end result from all that, we'll see.
CLA - Cobalt related news, page-3259
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