Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply
Green Car Congress
MAY 11, 2023
The Cobalt Institute’s Cobalt Market Report, prepared by Benchmark Mineral Intelligence, finds that cobalt market conditions have weakened substantially since the price peak in 2022. This dynamic will likely remain through to 2024, the report says, as a plentiful and growing supply surplus maintains pressure on prices.
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