Dryblower and the risks (and opportunity) of a second cobalt price explosion

NO metal has been hotter in the past two years than cobalt, and if the latest news from Middle Africa (and Europe) is a guide then Dryblower suspects the price of an essential ingredient in the batteries of electric cars could be on the verge of an even more dramatic increase.

Dryblower and the risks (and opportunity) of a second cobalt price explosion Dryblower and the risks (and opportunity) of a second cobalt price explosion Dryblower and the risks (and opportunity) of a second cobalt price explosion Dryblower and the risks (and opportunity) of a second cobalt price explosion Dryblower and the risks (and opportunity) of a second cobalt price explosion

The problem for everyone with an interest in cobalt, and the wider battery metal business, is that a continuation of cobalt’s rocket-like rise from US$25,000 a tonne two years ago to its current $81,500/t is more than exhilarating, it’s destabilising.

Battery makers in particular are starting to panic, as are car makers such as BMW, which is scouring the world for reliable, long-term, supplies of a metal which has traditionally been produced in small quantities as a by-product from copper or nickel mining.

Congo, the part which calls itself Democratic (ho ho!!) is trying to cash in on the cobalt rush by doubling the government tax rate cobalt exports, which will add to the price pressure coming from the battery and veh...