"The issue is expected to come to a head when the Treasury...

"The issue is expected to come to a head when the Treasury Department completes rules for electric-car tax credits. The department has proposed that cars using battery materials that were produced by a “foreign entity of concern” such as a Chinese company wouldn’t qualify for tax credits beginning in 2025.

Many expect Treasury to use a loose standard so that some cars qualify, potentially fueling criticism from some politicians who crafted the climate law such as Sen. Joe Manchin (D., W.Va.), who has argued more lenient criteria go against the intent of the Inflation Reduction Act. Treasury is monitoring shifting markets and supply chains while making rules that advance the law’s goals, a spokeswoman said. "

WSJ 07/20

The price and supply of Cobalt assessments IMO in general fails to incorporate the exclusionary impact of US legislation (which will be mirrored by the EU) effectively limiting if not excluding DRC sourced and or China refined Cobalt.The exclusion invariably will be influenced by China / US political relationship. further distorting supply/cost/demand . All factors impacting COB which require Management and Feds to speed up development to establish a supply chain that presents a solution to above