Looks like WM is uncharacteristically bullish on Cobalt EV exuberance - tightening the cobalt supply chain For much of the past decade, the cobalt market has existed in a comfortable state of oversupply. The metal's status as a by-product maintained ample mined output from traditional sources. Concurrently, moderate growth in traditional end-use sectors prevented any significant tightening of the supply chain. Cobalt prices in turn have traded in the US$12-20/lb range since 2010. All that has changed in the last year, as rising demand from the battery sector, supply-side restrictions and investor interest have jolted prices out of their slumber and into the headlines. https://www.woodmac.com/reports/metals-ev-exuberance-tightening-the-cobalt-supply-chain-8249
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Looks like WM is uncharacteristically bullish on Cobalt EV...
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