The high quality product 30-40% cobalt hydroxide VEC intend producing is worth a lot in the market, top end? We have a few non-holders throwing out random media hype without understanding the product pricing range.
Most people aren’t so gullible to believe these lame supply-demand comparisons analysts put out to mislead retailers ala MS style in the lithium market. I wonder what cobalt demand is being matched with the supply predictions. Mmm, let me see, the one that predicts oversupply?
Here is someone’s beloved Woodmac’s prediction 30 Jan 2019 who is well known for cherry picking quotes misleading HC readers....... I don’t have any trouble posting links either. The last closing line in Woodmac summary lol
“We currently forecast an average of
$63,934 ($29/lb) for 2019, but would assign downside risk to this given the flood of new supply under way.”
Woodmac telling doomsday stories while looking a tad hypocritical.......
http://www.mining.com/web/lithium-cobalt-look-2019/
Don’t be surprised why no one takes them seriously, they look ever so misleading more and more each day.
