If his predictions hold true (recent supply increase from the DRC suggest it might be) there will be downward pressure on the cobalt price for the near term. I've used the table from the article and extrapolated some extra years.
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Column 9
Column 10
0
Year
2017
2018
2019
2020
2021
2022
2023
2024
2025
1
Demand
101.2
107.5
114.2
121.4
135.8
152.0
170.1
190.4
213.1
2
Supply
96.5
109.2
123.7
140.0
142.0
143.9
145.9
148.0
150.0
3
4
-4.7
1.7
9.4
18.6
6.1
-8.1
-24.2
-42.4
-63.0
5
Deficit
Surplus
Surplus
Surplus
Surplus
Deficit
Deficit
Deficit
Deficit
So the next couple of years might be sheet for cobalt, but come 2022... boom!!!
Here's hoping DRC production pumps the brakes a bit, or the EV and storage market hockey sticks.
