Electric vehicles driving high cobalt prices
More EVs likely to outweigh efforts to lower cobalt per battery North of 60 Mining News – May 11, 2018
Last updated 9/25/2020 at 4:49am
The surge in production of electric vehicles, and the batteries that power them, is driving the price of cobalt higher.
A key ingredient in the cathodes of the batteries powering the growing number of EVs on the road today, cobalt has rocketed from around US$25 per pound a year ago to more than US$40/lb in recent weeks. This higher price, however, has electric carmakers looking for alternative...