For those that are interested, the State of the Cobalt Market is...

For those that are interested, the State of the Cobalt Market is a comprehensive report (see attached PDF) prepared by Roskill⁦ and released by the Cobalt Institute during the week.  



According to the report, the cobalt market grew by 5% year-on-year. The major drive for this growth was the demand for cobalt in lithium-ion batteries for electric vehicles. It accounted for 57% of the total cobalt consumption during 2020, followed by nickel-based alloys and tool materials (13% and 8% respectively).

The cobalt market also remained robust despite the challenges brought about by the pandemic: the Covid-19-related shutdowns, and weaker demand in certain segments such as aerospace.

Overall, the Cobalt Institute expects to see a greater increase in the use of cobalt in batteries, with the report projecting demand for electric vehicles growing by nearly 30% annually to 2025. Combined with the expectations for traditional cobalt applications – such as aerospace and tooling – to recover from the pandemic, prospects for the cobalt market look bright for the coming years.

The following Market Overview from the Cobalt Institute (see photo below) outlines the current state of the cobalt market:




Note: At the Kalkaroo copper-gold-cobalt project, there is the potential for by-product cobalt concentrate production for little extra processing cost.

The potential revenue contribution from cobalt is dependent on Havilah completing metallurgical test work.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.