OTCPK:KATFF - Post by User
Comment by
Cassius1977on Mar 14, 2019 9:02pm
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Post# 29488719
RE:RE:Cobalt spot price
RE:RE:Cobalt spot priceLech1988 wrote:
Cobalt will stabilise likely in the 40k-50k range by year end is my guess. There is way too much of a supply overhang for it to go higher this year unless there is some unanticipated spec buying. Chinese seem to be operating hand to mouth now so no over stock piling will occur either.
Well cobalt is a small market and small things can create big waves. For instance, what if Mutanda is taken completely offline? What if battery demand exceeds expectations? What if the DRC issues export quotas?
We are only at the beginning of the hockey stick demand spike that is coming. 811 batteries are still a couple of years from widespread adoption and the current spot price is below the 20 year average. I think sooner rather than later the spot price will adjust.