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Cobalt Express still chugging

The cobalt price has been on the run for the past 18 months, driving a huge amount of investor interest, particularly from those already sold on the battery-metals story. It is not the first time the metal has tasted the dizzying heights on which it is currently dining and there are both similarities and differences between past strong periods and this most recent surge.

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The cobalt market is set to go into deficit for the first time since 2009

The cobalt price as quoted on the London Metal Exchange, which only started offering a cobalt service in 2010, was around US$58,000 per tonne this week – a 78.

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