Cobalt Prices May Continue to Rise - Mining WeeklyFollowing article predicts that cobalt prices will continue to rise for the next 3 years due to battery demand.
https://www.miningweekly.com/article/cobalt-price-to-continue-rising-over-next-three-years-fitch-solutions-2022-01-03 From the article;
Cobalt mining is highly geographically concentrated, with a single country – the Democratic Republic of Congo (DRC), accounting for 67% of the global supply in 2020.
DRC cobalt is susceptible to high supply chain risks as there are concerns linked to the DRC regarding political stability, labour issues, corruption and transparency.
The next largest producers – Australia and Russia – account for just 4% of global cobalt mine output each.
Cobalt refining is also highly concentrated in a single country, China, which will broadly remain the case going forward, the firm states.