At the current price, between 20 - 30% of global cobalt mine supply is at risk of disappearing in 2020. Some of this will be replenished with ramp-ups at major industrial projects, but not enough to close the gap. Some may be supplied by existing stockpiles, but these are held in stable hands and will fall to critical levels over the course of 2020.
To regain lost supply in the short-term, a sustained price in excess of US$15/lb is needed. In the long-term, US$20/lb and above is required to attract much-needed capital to the industry.
Eurasian Resources Group is a low cost copper and cobalt producer, well-positioned to supply an almost two-fold increase in cobalt demand by 2025, with more than 18 million new energy vehicles forecast to be produced globally over the next three years.
