The use of cobalt in lithium-ion batteries could be discharging to a premature end.
Cobalt prices have staged an all-mighty up-trend over the past two years, rising from around US$20,000 per tonne in 2016 to about US$80,000/t today.
Prices reached a high of US$94,000/t in March this year, according to the London Metals Exchange (LME) – and it's largely fear of runaway inflation that is spurring battery manufacturers and end-users such as Tesla to seek alternatives.
Written by George Tchetvertakov
Published by Small Caps