GREY:UEXCF - Post by User
Comment by
MegaMAxTZon Mar 12, 2018 12:43pm
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Post# 27701224
RE:Cobalt 13 Yr Price Graph - Will it happen again?
RE:Cobalt 13 Yr Price Graph - Will it happen again?I was in the Cobalt ( BLUE) business in 2007 and this spike really hit us hard. It was mainly due to a Congo situation combined with the major hoarding which drove the price throiugh the roof. We had to raise prices every month and this was crazy tough.
BUT, there was no EV demand coming even on the horizon like now. So I predict this will happen again but we may see a spike of about $ 80/LB in a couple of years. Maybe more and really could go above $ 100/LB. In the meantime, somebody likely will figure out a way to use less Cobalt in a battery. But they will not be able to eliminate Cobalt entirely.
Meaning from here to 2025 at least, Cobalt will stay very hot indeed. And make COEX even more valuable as we move along. Must not give away the farm, UEX. WB is a very valuable piece of property...........