Cobalt price is being driven by supply and demand and that is good news. No bubble here. Supply is limitef and issues abound in DRC and demand has not even got going yet. Will be 3 times higher in less than 5 years imo.
ASX: SCI is on verge of IOCG deposit with Cobalt in it. Its 25KM's near Broken Hill and the company is worth $10m. They have $2.25m cash to drill 4,500m to Resource Measurement. Good grades on Gold Copper and Cobalt.
Industry is looking for deals direct with miners given geo political risks in DRC etc. Australia is well positioned to benefit.
