INTERVIEW: Cobalt boom ‘guaranteed’ for 7-10 years – ERG’s Southgate

Cobalt’s boom days will continue for the next seven to 10 years amid strong demand from the electric vehicles sector as well as traditional cobalt consumers, according to Eurasian Resources Group (ERG) executive Tony Southgate.

“Our view is that the cobalt boom is guaranteed for the next seven to 10 years,” Southgate, head of strategic cobalt marketing at the Kazakh mining group, told Metal Bulletin on the sidelines of Mining Indaba in Cape Town on Tuesday February 6. “It does seem that all the focus is on batteries but legacy cobalt uses are doing really well. Metal demand is very strong and producers are well sold. Late last year, consumers in the alloy industry were trying not to buy cobalt because prices were high and they were waiting for the market to drop. Now they’re realizing they...

Published

Janie Davies

February 06, 2018

12:28 GMT

Cape Town