Cobalt ft today25 Oct 2017 19:15
Cobalt faces the most difficult supply dynamics for car and battery makers. As much as 65 per cent comes from the DRC, one of the world�s poorest countries. Analysts at UBS expect cobalt demand to double by 2020 to around 200,000 tonnes a year, and say new projects are required over the longer term to avoid a deficit.
�The sheer volume of new supply needed by the market means there will be no EV industry without DRC cobalt,� says Simon Moores, head of London-based Benchmark Mineral Intelligence, which provides market price assessment for battery materials.