Im not sure if this has been posted already (if so apologies) but this is LME est of warehouse world cobalt supplies. They fell from 820,000 tons at start of last year to 520,000 tons start of this year. Thats a 40%+ fall in world warehoused cobalt supply in just one year. ...and EV market just getting started- massivley increased no's of Chinese travellers means more planes so main trad use of Cobalt Aviation is up too aswell as EV/phones/computers/busses....I hear even ships are even planning to go EV now!.
My understanding is that demmand for next year estimnated at 155,000 tons PA . Demand in 3 years estimnated at 250,000 tons PA
That gives us about 3 years till much vaunted "the cobalt cliff" occurs. IMO Co price gonna spike real high soon if no substitutes found and as per my last post IMO thats gonna take years.
So hold those Cobalt shares boys - and if you dont have any yet fill yer boots. Most leverage for SP in CLA IMO
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