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Sogosohubidu201on Aug 03, 2019 11:46pm
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WHY HAVE COBALT PRICES CRASHED
WHY HAVE COBALT PRICES CRASHEDhttps://internationalbanker.com/brokerage/why-have-cobalt-prices-crashed/
"A recent report from FocusEconomics, for instance, sees cobalt rebounding over the next few years. The economic-forecasting firm expects prices scaling $40,000 by mid-2020, before adding another $10,000 in 2021, with the bullish sentiment being attributed to an increase in global EV-sales volumes, which should comfortably outweigh the expected decline in cobalt requirements in EV cathodes."
......“The market is comfortably supplied in the short-term,” said Jack Bedder, manager at the metals research and consulting firm Roskill. “There shouldn’t be any risk of shortages as long as the big projects ramp up."