Katanga Mining Ltd Ord KATFF

Cobalt to experience surge in demand and supply deficit

[Sogosohubidu201]

https://www.resource-capital.ch/fileadmin/reports/2019/01/en_BMR_2019-1_Update.pdf

Conclusion: Cobalt will experience an immense surge in demand and a supply deficit in the coming years! The demand for cobalt should explode in the coming years! While this was still around 60,000 tonnes in 2008, by 2017 the demand had already reached 125,000 tonnes per year. Experts expect demand for cobalt to rise to over 300,000 tonnes per year by 2025. The main driving factor will be demand from the battery and rechargeable battery sector. Due to the current situation that demand is rising sharply, but at the same time only a few existing mines have any possibility at all to increase their production, there are signs of a significant supply deficit for cobalt in the coming years.