https://seekingalpha.com/article/41...rmed-analysis-teslas-cobalt-supply-chain-risk
Key take away:
If his predictions hold true (recent supply increase from the DRC suggest it might be) there will be downward pressure on the cobalt price for the near term. I've used the table from the article and extrapolated some extra years.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 0 Year 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 Demand 101.2 107.5 114.2 121.4 135.8 152.0 170.1 190.4 213.1 2 Supply 96.5 109.2 123.7 140.0 142.0 143.9 145.9 148.0 150.0 3 4 -4.7 1.7 9.4 18.6 6.1 -8.1 -24.2 -42.4 -63.0 5 Deficit Surplus Surplus Surplus Surplus Deficit Deficit Deficit Deficit
So the next couple of years might be shit for cobalt, but come 2022... boom!!!
Here's hoping DRC production pumps the brakes a bit, or the EV and storage market hockey sticks.
- Forums
- Commodities
- Looming supply surplus?
Looming supply surplus?
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online