The bubble graph is only asx listed copper cobalt projects. There are big resources in DRC as well as nickel cobalt mines and projects. Your excluding expansion potential of current mines with high cobalt content in DRC. The 2.2 Mtpa figure is an end of life 100% EV world which I assume is calculated on current battery chemistry. Everything is pointing to lower intensity of use for cobalt. Recycle supply should start to rocket late 2020s.
Still looks good, I’m always mindful mining always catches up to supply demand gaps, it’s just the size of the wondow.
CLA - Cobalt related news, page-2505
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