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 6 7 COB goes into Production
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.
I think COB plans to go into production 2022? I can't be bothered checkingPlease correct me if I'm mistaken.
Cheers,
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