Cobalt prices have started 2021 with a bang, with price increases observed across the supply chain, particularly for battery-focused feedstocks and chemicals.
The ground was set for a strong start to 2021 with the Chinese State Reserve Bureau (SRB) and its approved Chinese suppliers quietly agreeing a deal to acquire cobalt metal.
In late December, behind closed doors the SRB initiated its second round of cobalt metal purchasing in 4 months.
Whilst the deal has not yet been officially confirmed and may never be publicly disclosed, it is estimated the purchase could amount to up to 3,000 tonnes . . .