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Cobalt's growing supply deficit

The cobalt market faces a growing supply deficit through 2023 before new supply sources and some product substitution begin to shrink it, Caspar Rawles of Benchmark Minerals told participants in the battery materials seminar at the at the 5th Current Trends in Mining Finance conference organised by the New York section of the Society for Mining, Metallurgy and Exploration.

Cobalt's growing supply deficit Cobalt's growing supply deficit Cobalt's growing supply deficit Cobalt's growing supply deficit Cobalt's growing supply deficit

Prices for cobalt have been increasing due to the use of cobalt sulphate in the cathodes for certain types of lithium ion batteries.

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