China cobalt buyers use global glut to challenge pricinghttps://www.mining.com/web/china-cobalt-buyers-use-global-glut-to-challenge-pricing/
China’s battery industry has seized on a glut in the global cobalt market to push through a change in the way the commodity is priced.
A rapid expansion of cobalt mining in Democratic Republic of Congo and Indonesia has output racing ahead of demand, dragging down global prices.
Sherritt and Cuba are facing a market that is hugely unprofitable for nich players.