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Cobalt's closing price on Friday at $53,500 per tonne represents a 130% increase since the beginning of 2016 when the metal's benchmark price was $23,000/t.
Source: London Metals Exchange, Mining Journal, May 2017
With demand for lithium-ion batteries expected to be in the millions of units by the end of the decade, there is nothing to say cobalt's recent price strength will not continue.
India keen on Australia's critical minerals
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