Cobalt deals are starting to surface

Cobalt deals are starting to surface

As the cobalt theme gathers momentum and the cobalt price continues to rise, we have the setting for a perfect cobalt storm, much like we saw last year with lithium. Known nickel and copper deposits with cobalt credits are being dusted off and repositioned as cobalt plays. They will gain market interest but it is the more speculative end of the spectrum that will provide the fireworks. They will be the ones that boast higher grades from sampling but the challenge will be to convert these into mineable resources. The size of the deposits won't be as important as the grade, so it will be a legitimate strategy to be chasing smaller high grade pods of ore that can be quickly exploited rather than large low grade projects that will fail due to the capex hurdles.