Not Ideal that Cobalt is now seeing excess supply.
https://www.bloomberg.com/news/articles/2024-08-07/glencore-ceo-sees-cobalt-glut-lasting-as-long-as-two-years?srnd=commodities&embedded-checkout=true&utm_source=www.moneyofmine.com&utm_medium=newsletter&utm_campaign=arcadium-cuts-costs-while-burkina-rejigs-code&_bhlid=d5fe842532933dffcb70b6a288df0160ae62cb83
I dont have a membership but im guessing the details aren't super relevant. It will mean the price recede.
I'm beginning to think we are not wrong here..... Just early.
I guess we see when the money printers get switched back on ( likely US in September and Oz early next year) whether that stokes the fire.
Results due for PMR in a few weeks and Merc plant not far from commissioning. These will be interesting windows into our future I think.
