Epstein: First Cobalt (FCC.V) Starts Study to Enhance Refinery Economics & Invests in eCobalt Solutions

The Cobalt price continues to languish below US$20/lb. This is an unexpected development given that last year the price was at or > $40/lb. for much of March, April & May. In speaking with experts and reading industry analysis, the consensus is that the Cobalt price could settle in the $20-$25/lb. range later this year. I agree, that seems to be a sweet spot where end users are comfortable and the better quality Cobalt juniors can get financed.