With cobalt price where it is, it does serve a purpose as far as battery development will not have companies looking for alternatives.
The Giga factories are still being built for a Li Co (or some combination). & still need Co Supply. That has not changed & all prediction are upward.
There will be new battery tech coming along over time & will probaly replace the current generation ofLiCo battery.
Will the companies that spent funds spent in tooling up these factories for the oncoming groundswell for battery demand, be cautious to retool as a new battery tech presents itself...unless it is economically viable to do so & has proven safe record.
Co at it current price, disincentivizes new mines, & also alternate battery techs.
Li Co is a tested & proven battery material that the bulk of the manufactures are using as the platform for their battery pack for cars.
Agree that it has pushed the time line out for CLA.
Would be nice to get announcements SS outlining where the Co is now, drilling results & where they see the cost curve/ Co Pricing now required for us coming online, other wise we will continue to be guessing & uninformed.
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