Cobalt starts 2021 with a bang – but does this spell the end of low prices?

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 . . .

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