Jeez look all these posts from the freedom fighting resident...

Jeez look all these posts from the freedom fighting resident non-holder Oz...great to see all the realistic rebuttals about the cobalt price and the future of the EV market.
In the SHORT TERM however the focus is the off-take prepaid agreements and let’s see what % premium to the spot price “Vision” (jb) will be able to negotiate whilst in europe/Switzerland ( dare say the terms must be well progresses now that the minimum 1% grades are locked in)....remember what Tony Sage (from CFE) stated that spot prices for cobalt etc are reflective of what producers are getting for their product... bargaining power has now shifted in our favour in light of the quality of WFE’s
Several supply contacts...so I take all this garbage on the current state of the cobalt prices with a pinch of salt and rather focus on the outcome of the offtake contracts....looks like the Europeans are front runners and not surprising given that according to Reuters Volkswagen plans to spend $40b to “accelerate its push into the EV market”....so good luck Oz convincing the masses to disappear with the hope you get some of that raise which by the way is now $10m and well oversubscribed
In the LONGER TERM as Previously mentioned the EV market and cobalt will gain some serious momentum...as number of countries in Europe and nearly all regions of China are keen to transform their car market away from petrol and diesel and towards EV....China predominately for improving air quality....as previously stated according to Bloomberg....“Ev sales are poised to grow”... It is expected EV sales to increase 10x by 2025, 27x by 2030, 50x by 2040...this is apparently china alone...so EV sales expecting to rise 10* in shorter time horizon.... in 2015 there 3 EV megafactories and today their are “50 worldwide” and have surpassed....so the the rise of the mega EV factories is fueling the next technological revolution...then we get Bloomberg stating we will get 150,000 tonnes increase in cobalt demand by end 2020 just from batteries alone. This means the total cobalt demand should be at least 225,000 tonnes pa by end 2020 factoring all type of battery store usage