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Cobalt surplus sparks price plunge

Thu, 08/09/2018 - 16:02 -- News Editor
Cobalt ore

A surplus of cobalt chemicals used to make high-power lithium batteries has seen Chinese refiners switch to producing metal, sending prices down 30% in recent months.

The electric-vehicle revolution is expected to boost demand and prices for cobalt, which is critical to the current generation of lithium-ion technologies. However, such a shift is unlikely to happen until the next decade, when production and sales of electric cars are really seen ramping up significantly.

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