Cobalt Price Recovery Facing Uncertainty as Battery Chemistry Shifts Erode Demand
November 15, 2024
Cobalt market watchers are warning that a near-term resurgence in prices and demand may not occur. Cobalt prices have spent most of 2024 on the decline, falling to lows not seen since 2016. Values for the electric vehicle (EV) battery metal have fallen 74 percent from highs set in 2022 (US$81,969.70 per metric ton). Prices […]