This recommendation, along with others like promoting domestic battery recycling and research funding for alternative battery chemistries, is part of a larger strategy to enhance US resilience in strategic areas

South Korea will provide $29 billion in funding to help local electric vehicle (EV) battery producers diversify their supply chains over the next five years, the government said on Wednesday December 13.

Fastmarkets has launched daily inferred prices for black mass in South Korea and Europe, starting on Friday December 8.

Fastmarkets launches MB-CO-0024 cobalt mixed hydroxide precipitate payable indicator, % cobalt metal standard grade in-whs Rotterdam, CIF China, Japan, and South Korea and MB -CO-0025 cobalt mixed hydroxide precipitate, outright price, CIF China, Japan, and South Korea, $/tonne on Friday October 27.

Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.

Australia-based Sunrise Energy Metals is searching for a location in the US to build a nickel-cobalt refinery, the company confirmed to Fastmarkets

Uncertainty over growing bullish sentiment in the cobalt market is among the main conversation topics likely to feature in meetings throughout LME Week, which runs from October 9-13

The combination of slow demand and oversupply has been putting pressure on the price for cobalt, with part of that pressure coming from the changing preference in battery chemistry toward lithium-iron-phosphate (LFP) batteries and away from nickel-cobalt-manganese (NCM) batteries

The cobalt hydroxide market has increasingly switched to conducting transactions on an outright $ per lb basis in 2023, due to cobalt metal price volatility and uncertainty in the hydroxide market

Fastmarkets will increase the publication frequency of the price for cobalt hydroxide 30% Co min, cif China, $/lb to daily from weekly from Friday September 1 following an open consultation over July 21-August 25.