"Ultimately, the overall price trend is up, although we may see some volatility." The underlying Fastmarkets assessment for standard-grade cobalt metal in-warehouse Rotterdam serves as the key industry reference point for pricing cobalt across the supply chain. 3-month Closing Price (day-delayed) Contract specifications. "Primarily the price rise has been driven by real demand, largely due to the rapid increase in sales of EVs," said Benchmark"s head of price assessment Caspar Rawles. The Cobalt Metal futures final settlement is based on the mid-price of the daily range published by Fastmarkets. Payables - a reference to the percentage of the cobalt metal price used to price hydroxide, a feedstock for electric vehicle (EV) batteries - are up at around 93-94% from about 63-69% a year ago, analysts from Benchmark Mineral Intelligence said. The price of the metal stands at $53,000 per tonne, up 65% this year and around its highest since December 2018, having been as low as $25,000 in 2019 due to a global market surplus. Cobalt prices have been trending up this past year, with analysts remaining bullish on the key raw material, which is used in electric vehicle (EV) batteries. Metal Prices in the United States through.
Bureau of Mines Special Publication, 1993, 158 pp. Average annual contained production is forecast at 1,915mt cobalt, 2,900mt. Chemical Industry Applications of Industrial Minerals and Metals.
COBALT PRICE DRIVERS
LONDON (Reuters) - Demand and prices for battery material cobalt are soaring as electric vehicles stream out of showrooms in China and Europe, with little prospect of a significant reversal as drivers and governments move to cut carbon emissions. Project post-tax IRR is 40.6, but it is based on a cobalt price of US25/lb well above current prices around US15/lb.
0 kommentar(er)
