How tight is the cobalt market really?

New supply prospects in the Democratic Republic of Congo (DRC) could ease the current tightness in the cobalt market. Admittedly, the country’s mine practices are controversial and there is a risk that government intervention and geopolitical tensions might disrupt output in the future. That said, the fresh batch of supply should be enough to at least reduce the shortfall of supply, which in turn should push prices down to more sustainable levels.