Looming supply surplus?

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
1	Year	2017	2018	2019	2020	2021	2022	2023	2024	2025
2	Demand	101.2	107.5	114.2	121.4	135.8	152.0	170.1	190.4	213.1
3	Supply	96.5	109.2	123.7	140.0	142.0	143.9	145.9	148.0	150.0
4
5		-4.7	1.7	9.4	18.6	6.1	-8.1	-24.2	-42.4	-63.0
6		Deficit	Surplus	Surplus	Surplus	Surplus	Deficit	Deficit	Deficit	Deficit

So the next couple of years might be sheet for cobalt, but come 2022... boom!!!

Here's hoping DRC production pumps the brakes a bit, or the EV and storage market hockey sticks.