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Hi Ann,

Yes the chart is not looking good for Cobalt and the sector is suffering a bit.

With the DRC under the microscope with child labour and political change (increase in mining royalties and taxes) I think that business will be looking at alternate suppliers.

Electric Vehicles (EV's) consume a significant amount of cobalt but are decreasing this amount as shown below.

[ATTACH=full]90026[/ATTACH]

but with the volume of EV's planned to be produced the demand for cobalt should remain.

'Benchmark estimates that cobalt’s use lithium ion batteries will triple between now and 2026 as a wave of EV demand engulfs the industry. Whilst efforts are being made to reduce cobalt dependency, the order of magnitude of growth sales will far outweigh this.

To put this into a very short term context, Tesla expects to increase its vehicle production by 150% between now and June 2018 – and the biggest Model 3 increases are yet to come. Benchmark expects output to sharply rise from September onwards.'

Worldwide mine production of cobalt from 2008 to 2017 (in metric tons)
[ATTACH=full]90027[/ATTACH]

[ATTACH=full]90028[/ATTACH]

<blockquote data-quote="Trav." data-source="post: 1000956" data-attributes="member: 73740">Hi Ann,Yes the chart is not looking good for Cobalt and the sector is suffering a bit.With the DRC under the microscope with child labour and political change (increase in mining royalties and taxes) I think that business will be looking at alternate suppliers. Electric Vehicles (EV&#039;s) consume a significant amount of cobalt but are decreasing this amount as shown below.[ATTACH=full]90026[/ATTACH]but with the volume of EV&#039;s planned to be produced the demand for cobalt should remain.&#039;Benchmark estimates that cobalt’s use lithium ion batteries will triple between now and 2026 as a wave of EV demand engulfs the industry. Whilst efforts are being made to reduce cobalt dependency, the order of magnitude of growth sales will far outweigh this.To put this into a very short term context, Tesla expects to increase its vehicle production by 150% between now and June 2018 – and the biggest Model 3 increases are yet to come. Benchmark expects output to sharply rise from September onwards.&#039;Worldwide mine production of cobalt from 2008 to 2017 (in metric tons)[ATTACH=full]90027[/ATTACH][ATTACH=full]90028[/ATTACH]</blockquote>

[QUOTE="Trav., post: 1000956, member: 73740"] Hi Ann, Yes the chart is not looking good for Cobalt and the sector is suffering a bit. With the DRC under the microscope with child labour and political change (increase in mining royalties and taxes) I think that business will be looking at alternate suppliers. Electric Vehicles (EV's) consume a significant amount of cobalt but are decreasing this amount as shown below. [ATTACH=full]90026[/ATTACH] but with the volume of EV's planned to be produced the demand for cobalt should remain. [I][SIZE=3][B]'Benchmark[/B] estimates that cobalt’s use lithium ion batteries will triple between now and 2026 as a wave of EV demand engulfs the industry. Whilst efforts are being made to reduce cobalt dependency, the order of magnitude of growth sales will far outweigh this. To put this into a very short term context, Tesla expects to increase its vehicle production by 150% between now and June 2018 – and the biggest Model 3 increases are yet to come. [B]Benchmark[/B] expects output to sharply rise from September onwards.'[/SIZE][/I] [SIZE=5][B]Worldwide mine production of cobalt from 2008 to 2017 (in metric tons)[/B][/SIZE] [ATTACH=full]90027[/ATTACH] [ATTACH=full]90028[/ATTACH] [/QUOTE]

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