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.

Australia-based cobalt and nickel supplier Jervois Global has opted to 'moderate' the pace of restart operations at its Sao Miguel Paulista (SMP) cobalt and nickel refinery in Sao Paulo, Brazil

China’s automotive output and sales both fell in July, on a month-on-month and year-on-year basis, because of reduced seasonal demand in the summer season and the higher base in July 2022, the China Association of Automobile Manufacturers (CAAM) said this week

Fastmarkets has corrected its assessments of the black mass payable indicators, cif South Korea, for both nickel and cobalt, which were published incorrectly on Wednesday August 16 due to a back-end calculation error.

Fastmarkets is launching an assessment of the lithium payable as part of its set of weekly price assessments for black mass, CIF South Korea, starting on Wednesday August 16.

An oversupply of cobalt and a subsequent price slump have led to trader and producer Glencore considering stockpiling and curtailing production of the blue metal, the company said during its earnings call on Tuesday August 8

Brazilian miner Vale has signed a binding agreement with Manara Minerals of Saudi Arabia under which the latter will buy a stake in Vale Base Metals (VBM), the holding entity for the South American company’s Energy Transition Metals (ETM) business, it announced on Thursday July 27

Fastmarkets invites feedback on a proposal to increase the publication frequency of cobalt hydroxide index 30% Co min, cif China, $/lb, from once per week to daily.