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Cobalt Market Update
The main driver in the cobalt market is the EV industry, as the metal is essential in batteries. But the coronavirus has hit the space hard, with many changing forecasts since the start of the year.
Wood Mackenzie was previously expecting EV sales growth of 20 percent year-on-year in 2020, but the firm is now looking at a contraction of up to 40 percent, Gavin Montgomery, research director, battery raw materials, told the Investing News Network (INN).
“We had projected the cobalt market to be relatively balanced this year as the excess stocks that characterized 2019 started to ease off, plus we have Glencore’s (LSE:GLEN) Mutanda mine offline this year. Now we see the market contending oversupply again as all end-use sectors are impacted.”
Capital Raisings On The ASX
Last year, we witnessed capital raisings reach a total of $66B AU from ASX-listed companies in the last decade. And 2021 started off on a strong note. Who are the players? What does the future hold for capital raisings on the ASX in 2021? More importantly, how can YOU get in on this so you don t miss out? Our FREE special report answers all your questions in order to provide you with the information you need for potential lucrative investments.! (
You’ll also get our FREE Australian Resources newsletter plus FREE Australian Investor Kits and email updates from select companies! ).
What’s next for the resource market?
COVID-19 has changed the outlook for most commodities, from gold to uranium and everything in between.
INN has spent hundreds of hours interviewing experts and compiling our biggest INNvestor Report yet! Find out what you need to know about 22 different resource sectors. You won’t find a report like this anywhere else.
Table of Contents
Silver Outlook 2021: Market Trends Point to Price Positivity
Platinum Outlook 2021: Strong Price Performance Expected
Palladium Outlook 2021: Supply Constraints a Tailwind for Higher Value
Copper Outlook 2021: Prices to Remain High and Volatile
Nickel Outlook 2021: Deficit to Support Prices, EV Story Still Strong