Cobalt prices plunge as EV makers turn to nickel-based batteries
Cobalt, a key metal in making electric vehicles (EV) batteries, will likely be under pressure in 2023 faced with competition from nickel-based lithium-ion batteries, estimates of surplus supply and projections of slack demand from the electronic sector. According to the Trading Economics Website, cobalt prices have declined by over 31 per cent since the beginning of […]