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Saturday, March 13, 2021

Cobalt (battery material) prices up 65% so far this year

March 12 – Reuters (Zandi Shabalala):

“Demand and prices for battery material cobalt are soaring as electric vehicles stream out of showrooms in China and Europe… The price of the metal stands at $53,000 per tonne, up 65% this year and around its highest since December 2018, having been as low as $25,000 in 2019 due to a global market surplus.”