In about 12 months there will be a big pick-up in CO priceThe cobalt price is about to surge. So far, the market is missing it. Benchmark Mineral Intelligence says cobalt sulphate prices increased by ~3.2 per cent in December to hit an YTD (year to date) high. The sulphate price today is around $US19/lb: far higher than March lows of $US12/lb, but still pretty low in historic terms. And yet as the EV sector ramps up in the coming years Benchmark is forecasting the cobalt market to move into structural deficit. When demand exceeds supply, prices go up.....“In about 12 months there will be a big pick-up in the cobalt price,” Kaderavek says, “2022 onwards is going to be very, very exciting..... Industry players are predicting a long term average cobalt price of between $US25/lb and $30/lb.
https://seekingalpha.com/article/4400795-cobalt-miners-news-for-month-of-january-2021