Cobalt’s price rises highlight shift to battery-driven pricing dynamics

While cobalt prices have shown positive signs of late, there are nuances within the market which highlight the key fundamentals that will likely decide cobalt's future price trend – which is taking its cues less and less from the industrial metal supply chain.

Cobalt metal prices (cobalt battery metal, min 99.8%, EXW Europe, USD/lb) have risen 15% from the July 2020 issue of Benchmark’s Cobalt Price Assessment to the most recent data published at the end of October 2020. While these price rises seem promising, the cobalt . . .


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