Cobalt Cannot be Eradicated From Electric Car Batteries – Umicore

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

Continue Reading

Cobalt: A Metal Poised to Peak

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

Continue Reading

How Electric Car Batteries Sparked a Cobalt Frenzy in 2017 and What Could Happen Next

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

Continue Reading