As soon as the UN along with EU and NA governments attach legal and human rights strings to the recovery of Cobalt from countries like the DRC and those strings will be attached to corporate leadership, things begin to change dramatically.
CEOs responsible for the comapanies activities will be forced to protect themselves from liability and make changes at the ground level where there cobalt supply comes from. This will translate to substantial cost increases in cobalt mining to ipimplement, it will be near impossible to achieve without big bucks and a system.....and time ...lots of time ....the risk will be high to corporate leaderships and end users while attempts are made to implement.
we don't worry about that here in Canada because we work by well established rules and regulations and from that perspective our cobalt is risk free. The liability of DRC cobalt is high with internal strife add some regulatory and liability issues and the picture become clearer for those who see the problem and how it could affect them.....as these matters play out at the international level we are in a good space at FT ...ready, reliable and risk free.
it's a complicated cobalt world, we cannot just sit back and watch what's happening ( or not happening) in Canada and the USA ....the bubble has to break and could not happen soon enough for us. It's much bigger than FT and much out of our control and mgt control but someone has to make a move ....this primary cobalt deposit will not go undeveloped, JUST NOT SEEING IT....IMO
https://www.swissinfo.ch/eng/cobalt-must-be-included-in-swiss-responsible-business-legislation/46672168