Cobalt Blue CEO Joe Kaderavek explains: “The global cobalt supply/demand balance appears to be set for tight conditions in the coming 5 years. Last year, demand surprised to the upside, primarily due to stronger-than-expected EV sales following government support initiatives. EV demand remains robust, even as government subsidies are gradually withdrawn. Further, supply risks far outweigh those for demand given 75% of the supply growth scheduled in the next 5 years comes from the Democratic Republic of Congo (DRC).”
