Now what don’t believe everything you read from ‘analysts’ and ‘authorities’ . I spend time reading technological essays rather than investment essays. They may try to reduce the amount of cobalt that goes into batteries....but that will not affect the global demand significantly. If you read between the lines in the writings about reduction in cobalt in batteries is to try and relieve the upward pressure of ‘obtaining a constant supply’ for manufacturers more so than price. If you pay $50 a pound or $150 a pound for cobalt the significance of cost in a new Tesla.....not that much. Here is an article expounding on Musk’s issue with cobalt.
As electric vehicles become less niche, the batteries powering them need to keep up. Last week, Elon Musk tweeted that batteries for the Tesla Model 3 use less than 3 percent of an expensive chemical called cobalt, and the next generation battery “will use none” of the material that some have called the “blood diamond of batteries.” How soon can that claim come true?
Cobalt is a key component of batteries. It’s also the most expensive material in the battery and mined under conditions that often violate human rights. As a result, scientists and startups are rushing to create a cobalt-free battery.
Musk’s “next-gen” claim is a vague phrase that doesn’t set out a definite timeline, so it’s impossible to know when he’ll deliver — but don’t expect it to be in the next couple of years
.Point is....the cost difference in an electric car.....with or without cobalt is negligible considering the cost of the car. The real issue is ‘accessibility’ of cobalt. As a footnote notice the slow upward grind in KATFF Katanga. In spite of the legal issues with a Glencore....the mining issues in the Democratic of Congo....and technology demands for remaking lithium batteries without cobalt.....the price of cobalt is starting to move north.
NowWhat.....btw I can’t respond to your private messages because I am not a subscribing member. You can send anything you want me to read to whatever board I might be commenting on. ciao
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