LONDON, Feb 12 (Reuters) – Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of nickel used in electric vehicle batteries to
MINING.COM Copper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017. Lithium carbonate prices began its run up
STRATFOR WORLDVIEW Highlights Cobalt prices will increase in the short term because of rising demand, low copper and nickel prices, and political instability in cobalt-producing regions. The Democratic Republic of the Congo will continue to dominate the global cobalt supply in the near term, but instability will drive many consumers to either look elsewhere for
BLOOMBERG Demand is soaring for cobalt but long-term supplies are under threat Cobalt left other metals in the dust this year, driven by demand from electric carmakers such as Tesla. But with new supply coming online and high prices likely to spur substitution and recycling, the market for the key battery component could prove choppier next year. Here are five themes that will
MININGNEWS.COM Cobalt prices have gone ballistic in 2017 with the metal quoted on the LME touching $75,000 a tonne a week ago, a 127% surge year to date and a more than 20% jump just over the last month. Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average