Largest cobalt resource with lowest valuation, page-1717

https://www.reuters.com/article/us-...n-with-cobalt-sulphate-contract-idUSKBN1CF27H

LONDON (Reuters) - The London Metal Exchange’s new cobalt contract is likely to be for a chemical compound vital for the manufacture of the batteries used in the fast-growing electric vehicle sector, its chief executive Matt Chamberlain told Reuters on Tuesday.
Demand for that chemical -- cobalt sulphate -- is expected to soar over coming years as governments around the world set targets and timelines for electric vehicle sales in a bid to cut noxious emissions from fossil-fueled cars.
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Metals consultancy CRU Group is looking at creating a price index for cobalt sulphate.

CRU consultant George Heppel expects global demand for cobalt metal at nearly 136,000 tonnes in 2021 and more than 161,000 tonnes in 2025 from roughly 102,000 tonnes this year.
Demand for batteries used in electric vehicles and mobile appliances is expected to account for 46 per
Metals consultancy CRU Group is looking at creating a price index for cobalt sulphate.