lol, Wood Mackenzie is the idiot that put out the report...

lol, Wood Mackenzie is the idiot that put out the report recently claiming there was going to be an oversupply.
"Prominent commodities research house Wood Mackenzie this week released a report on battery materials that forecasts a decline in the price of cobalt and lithium this year which would turn into a rout from 2019 onwards."

http://www.mining.com/new-study-rips-cobalt-lithium-price-bulls/

The quote you heard was from Oct last year, when they were singing a different tune.
(It is also where you got that map, I assume)
https://www.bloomberg.com/news/arti...-on-one-african-nation-avoiding-chaos-of-past

edit:
In jan, they were still very bullish on cobalt.
http://www.miningweekly.com/print-v...books-secure-energy-metal-supplies-2018-01-17