CLA - Cobalt related news, page-2270

Good points PG &RDL

RDL.. The contrast between traditional slow growthcommodities  ie Iron Ore with high current demand

And a completely new revolution ie the comingrevolution of electrification of vehicles and batteries

Which will mean amassive pick up in demand for has been up till now an un traditional commodity

 

This revolutionwill be starting around 2021-2022 and growing then for foreseeable future

 

The spot price nowie what you need to buy for present usereally has nothing to do with what the price youwill need to pay in 2021- 2022 and beyond

 

And this once in a lifetime revolution means cobaltprice in 2021-2022 is likely to be verysignificantly higher than it is now

 

In RDL,s examplethey need the Iron Ore now so pricejumps straight away

With cobalt thepresent urgency of demand is not so urgent

CLA resource islikely to be mined 2021- 2022

So for a Buyer,Joint venturer, Partner to inject capital

This is the time period and corresponding Cobalt priceto focus on

all IMO