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Electric-vehicle surge sends cobalt prices soaring

Electric-vehicle surge sends cobalt prices soaring Already a shortage of semiconductors is slowing the recovery in auto production (Bloomberg)Premium Yang Jie , The Wall Street Journal China controls big chunk of market for key metal in car batteries that is mined largely in Africa Share Via Read Full Story A 20% rise in the price of cobalt since the beginning of this year shows how the rush to build more electric vehicles is stressing global supply chains. Already a shortage of semiconductors is slowing the recovery in auto production. Now cobalt, a blue metal that is needed for many types of batteries including those in EVs, is a concern, according to people in the auto and battery industries and analysts.

Cobalt Outlook 2021: Demand to Rise, Higher Prices Ahead

After a year full of uncertainty, what is the cobalt outlook for 2021? Analysts share their thoughts. Click here to read the previous cobalt outlook. This time last year, cobalt market watchers were expecting demand from the electric vehicle (EV) sector to pick up, but 2020 was overshadowed by the coronavirus pandemic.  Cobalt, a key element in lithium-ion batteries, experienced supply chain challenges, with lockdowns and containment measures testing its resilience. With the new year now in full swing, the Investing News Network (INN) reached out to cobalt experts to get more insight about the cobalt outlook for 2021.   Our EXCLUSIVE Content Such As Expert Advice, Trends, Forecasts and More!

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