Payables for black mass in key Asian markets showed potential for more downside in the week ended Wednesday January 31, according to market sources

The emergence of a large oversupply in the cobalt market over the past 18 months has helped drive further evolution into how long-term supply agreements will be structured going into 2024

Fastmarkets has corrected its pricing rationale for the alloy grade cobalt market in Rotterdam, which was published incorrectly on Wednesday January 24 due to a reporter error.

Fastmarkets proposes to increase and realign its listed brands for alloy-grade and standard-grade cobalt, in-whs Rotterdam, to reflect new developments in the market, and invites feedback on the following consultation.

The magnets are playing a crucial role in enhancing power, torque, and precision in electric vehicles

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.

The publication of Fastmarkets’ MB-CO-0023 cobalt hydroxide, min 30% Co, inferred, China price for Friday October 13 was delayed because of an administrative error.