RE:Cobalt futures up .34% to 58.5kAmazingly China keeps telling the world thier plans and makes suggestions and is probably simply just now suggesting to consumers to be prepared as they intend to tighten thier grip on thier suppliers and sources of cobalt out of the DRC of which they control most of.
this is, I think one of those "writing on the wall" moments of supply issues to come .....we told you is what they will be saying. If anything is going to hold up battery production ( like autos and chips) it's going to be cobalt ....and like chips with all of ones eggs ( cobalt) in one basket some one is going to realise the opportunity that FT presents
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However, the single source of imported materials leaves hidden risks of "putting all eggs in one basket", according to Wang. He suggested the industry should "explore the establishment of commercial reserves of nickel and cobalt" and form a system that "combines strategic reserves and commercial reserves".
https://www.reuters.com/world/china/chinas-nonferrous-group-suggests-commercial-reserves-cobalt-nickel-media-2021-11-04/