Cobalt prices break almost $2/lb higher today, hit new 9-year high of US$31.07/lb
The Cobalt shortage is intensifying. Following a sideways consolidation for the past six months, the cobalt price published by InfoMine.com escalated sharply to US$31.07/lb today, the highest in nine years. Cobalt is desperately needed for batteries to power electric cars, with car companies attempting to secure supplies and large miners holding back from meeting their demands. Supply is expected to fall short of demand at least until 2025 and some analysts have predicted that cobalt prices...
read more
