Cobalt surges more than US $2/lb, hitting 9-year high of US$34.06/lb
Tight supply and rising demand for cobalt for use in electric car batteries is causing the cobalt price to continue to climb, hitting a 9-year high of US$34.06/lb, which is more than triple the low of US$10/lb in the summer of 2016. See 6-month and 12-year charts below. Note that Castle Silver Resources Inc. is redeveloping two cobalt-silver mines in the Cobalt Camp in northern Ontario with the goal of resuming production of cobalt. The main focus is the former Castle Silver Mine property...
read more