RE:Odd - bottom?
You've predicted the bottom so many times.
What I predict will happen, and more quickly than you can say "Viva Cuba libre" are batteries without cobalt. It is a messy, dirty, corrupted supply system that is thin as too little butter spread over your morning toast. A few distruptions - not like this world we're now in is into that, eh? - and kerpoof there is a crisis.
The even bigger driving force? Lower cost KWhs. The curve is bending precipitously towards making batteries real real cheap. And what makes things cheaper? Cheaper materials to make them. Like "not" cobalt. Like "more" reliable supply.
Well, how about nickel you say ... ? Sherritt sits astride the world markets .... well if you liken it to a boat going over Niagara Falls perhaps.
But again, supply supply supply. The Chinese have dug in deep and this new world order that is dawning ain't gonna like that - so long as you are in The Donald club (the one in Washington, not Mara-logo).
Make a battery that doesn't need to rely on the Chinese screwing with the supply of its source materials and what's Sherritt's "other" markets after that?