EVs drive cobalt prices

SLIGHTLY lower cobalt sulphate prices in May provide a misleading marker for the cobalt sector, which remains driven by the dual impact of rising demand and concerns over supply security, according to battery metals pricing and consultancy firm Benchmark Mineral Intelligence.

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The group’s Cobalt Market Tracker showed “relatively stable” cobalt metal prices over May and a “dampening of activity” in the sulphate market, which is the key base chemical for battery-grade