TSXV:FCO.H - Post by User
Comment by
materialsgirlon Jan 11, 2018 2:06pm
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Post# 27334948
RE:HUGE cobalt supply deficit, HUGE demand
RE:HUGE cobalt supply deficit, HUGE demandJoey;
It certainly looks like a shortage in 2 years. The shortage could come much sooner if big speculators decide to buy up and hoard cobalt in 2019. Freely available supplies could dry up.
One very important detail to be alert to.
It is 99% certain that cobalt usage per battery will drop by 50% within a few years.
Analysts should embed this assumption into their spreadsheets. I expect that there still be a shortage.
The wildcard is DRC. It is highly possible that they will announce that they want to apply a super super tax on cobalt. Maybe $10 a pound or maybe 20%. This news, should it happen, could cause an instant reaction