INFOGRAPHIC: Covid-19’s impact on cobalt supply, trade flows

It has been almost one year since the start of the Covid-19 outbreak and global economies are still recovering from the fallout. Fastmarkets analyzes the effects of the pandemic on global cobalt supply and trade flows.

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Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide, min 30% Co, inferred, China, $lb, via an open consultation process between May 4 and June 1, 2023. This consultation was done as part of our published annual methodology review process.
Delegates at the Cobalt Congress conference in Istanbul, Turkey, held May 9-11, discussed expectations and developments in the global cobalt market following a volatile 12 months. Here are four key takeaways
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt sulfate, spodumene and graphite price assessments via an open consultation process between April 13 and May 18, 2023. This consultation was done as part of our published annual methodology review process.
Resource nationalism in Western economies was expected to be a major driver of investment in the cobalt supply chain in the second half of this decade
Cobalt continues to be a key component for electric vehicle (EV) batteries, with nickel cobalt manganese oxide (NCM) remaining the key battery chemistry amid the growing market share of lithium iron phosphate (LFP) batteries
The key talking points ahead of the Cobalt Institute’s Cobalt Congress 2023, taking place in Istanbul, Turkey on May 9-11
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