Cobalt is a bit annoying, mother nature typically does not concentrate cobalt in high values to support primary cobalt mines, its almost always associated and mined with copper and or nickel making cobalt at best a small secondary revenue stream, with often difficult metallurgy to boot. The existing cobalt choices imo are low grade high capex intensive options with more exposure to copper, nickel, acid, or tiny gravity separation projects. So mining the market is in full swing but trade the trade, some of these could do very well with no hope (or desire...) of mining a stone.
And btw, what happens when the Chinese expand Tenke and glencore switch Katanga back on, or any increase in nickel prices increase nickel oxide production containing cobalt credits? Best not to talk about that....
