Charts show uptick in cobalt prices — year-long correction likely over — analysts project upswing in years ahead
Charts below show an upswing in the cobalt price as demand picked up in recent days/weeks. The price pattern shows a bottom has formed after a year-long correction that analysts have attributed to an unexpected upswing in supply from artisanal mining in the Congo (child labor, lax regulations) and regulatory, subsidy/tax and inventory shifts in China. While analysts appear to be unsure of the short-term outlook for cobalt prices (whether prices will continue higher in the weeks...
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