TSXV:FCO.H - Post by User
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JulianAssangeon Jun 02, 2016 11:18am
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Cobalt Prices Expected to Exceed $13/lb This Year
Cobalt Prices Expected to Exceed $13/lb This Year Sentiment at this year’s CDI Cobalt Conference in Seoul, South Korea, may have been the most upbeat in the past five years, as market participants hailed robust growth in cobalt demand from the electronic vehicle (EV) battery sector.
Most delegates surveyed by Metal Bulletin at the conference said they expected to see higher cobalt prices before the end of this year, and there is anticipation that a supply deficit could arrive as early as this year. Market participants said they expect prices for low grade cobalt metal to stand above $13-14 per lb before the end of this year. Metal Bulletin assessed low grade cobalt metal at $10.60-11.20 per lb on Friday May 13. Fundamental change in demand "This is a completely fundamental change, people are very bullish about cobalt demand due to growth in the EV battery sector.
https://www.metalbulletin.com/Article/3554488/COBALT-CONF-Cobalt-prices-expected-to-exceed-13lb-this-year.html