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VW looks to secure cobalt supply

In more good news for battery minerals equities, Germany’s Volkswagen is reportedly moving to secure long-term supplies of cobalt as it shifts to making electric vehicles.

VW looks to secure cobalt supply VW looks to secure cobalt supply VW looks to secure cobalt supply VW looks to secure cobalt supply VW looks to secure cobalt supply

VW is looking to secure its cobalt supply for EVs (photo: iStock.com/Boarding1Now)

Cobalt industry sources told Reuters that the car manufacturer had asked producers to submit proposals on supplying the material for up to 10 years from 2019.