Monday, August 14, 2017
The outlook for cobalt.
Aggressive cobalt stockpiling by investors has pushed the metal’s spot price from 25,000 dollars per tonne to nearly 60,000 dollars in the last twelve months. Strategic stockpiling has also taken place in Japan and China. Market effervescence has been driven by persistent fears of shortages, caused both by demand from electric vehicles (EVs) and recurrent concerns about the stability of supply from the Democratic Republic of Congo (DRC), source of half of all the identified deposits in the world.