Meanwhile, some dreaming, page-289

@Mutley8 ....................."Little bit ignorant wouldn’t you say going back 15yrs? EV movement has only been around in any sort of capacity since China and then Tesla made their move in the last 3 years"

2 years ago, and about a year ago when cobalt was rising, all the pundits were saying how the market was going to be short of cobalt by now, but it didn't happen. I would bet money that at the height of every boom of every commodity, there were plenty of people predicting continued high prices for many seemingly good reasons. Some people cling to non-reality for a great deal of time after, justifying to themselves their own investments.

The very fact you mentioned both Glencore and ERG as having cut back, means they can both ramp up quickly once cobalt goes a bit higher. This alone will quell any large spikes in price for a few years IMHO.