Thinking about the reasons for the low friendless cobalt price -...

Thinking about the reasons for the low friendless cobalt price  - we all know how commodity prices fluctuate -see Iron ore recently/oil/coal/copper/Zinc/etc and these are big markets of millions and millions of tons a barrels a month. The smaller markets like cobalt with only 120,000 tons a year tend to jump up and down much more radically. look at the chart of the (spot) cobalt price over last 12 years.



pretty extreme price move. you see the way it shot up and down in 2006-2009 then again in 2016-2018.

(lets hope we dont have to wait 7 years till the next pop) I dont think so because of the changing fundamentals of the demand side.(and the supply side  if we hopefully imagine Mutanda and Kamoto mines (40% of last years world supply) might be heading up effluent creek with no paddle.

what is does say is when this baby turns again it should turn rapidly. And we sitting here with our heavily geared option on the price of cobalt (CLA shares) will suddenly be long and right again.

even if it takes 7 more years to pop up 2-300% thats still gonna be a 50% a year averaged gain.

if less its a lot more. I'm ok sitting waiting. especially with the balance fundamentals (so far), well over on our side by any intelligent or reasonable observation of the facts and the future.