OTCPK:KATFF - Post by User
Comment by
Sogosohubidu201on Apr 12, 2019 4:36pm
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Post# 29620980
RE:RE:RE:RE:Cobalt Price Forecast
RE:RE:RE:RE:Cobalt Price ForecastRe: Lech. One of the best persons to judge the supply and demand of cobalt is Nick French who has been trading cobalt for his entire career. He is sitting in the board of Cobalt 27. So investors and traders need to pay attention to Cobalt 27 CEO who predicted early this year that cobalt price would rise to $25 per pound ($55,000 USD per tonne) in the 2nd half of this year and next year, but will not break $30 per pound ($66,000 USD per tonne) celing in the next 18-36 months (before the end of 2021) because the artisanal mining supply will kick in above $30 per pound. Cobalt price will break the $30 per pound of celing after the end of 2021. Based on growth of EV, I would agree with this cobalt price projection.