20-30% if the world cobalt supply is inelastic....
Add in an increasing demand for batteries and you get the real drive. Yes other metals might come along, for the moment and foreseeable future, cobalt is needed in EV to stop them from blowing up. Working to reduce it yes but still need some. Then add in supply from the DRC and elections in december...I know what metal I would like to be buying on these cheap days.
Ann: Strategic Investment in eCobalt shares, page-17
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