Katanga Mining Ltd Ord KATFF

RE:RE:RE:Cobalt Price Forecast

[Lech1988]

Ok if those are the true demand estimates than the numbers certainly make more sense.  Just read this on BBG this morning from the Shanghai Battery Metals Conference;

"Cobalt had rocketed to a decade-high of about $44 a pound last April amid fears of a shortage as the electric-vehicle industry expanded in China, but the spike also supercharged mining activity in the Democratic Republic of Congo. Combined with softer demand, that sent prices to a low of $13.75 on March 20. China Molybdenum Co., the world’s second-biggest producer, called those swings a “pain in the neck for everyone in the supply chain”.

On the supply side, there’s not going to be any short-term shortage of material, Jack Bedder, a director at commodities consultancy Roskill Information Services, said ahead of the conference. “Even when we apply a confidence rating to all future projects, we don’t think there is going to be any problem with supply until 2025.”

This is in line with my expectations as well.  Now of course if KAT can't fix their export issue the supply deficit will be pulled forward dramatically.