Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/12ea44c7-d940-4b75-bd94-4fd2116c1c76Goldman Sachs has stepped up its trading in battery metal cobalt, latching on to one of the hottest corners of the commodities market as carmakers transition to electric vehicles. The bank has been active in cobalt markets since last year, and has more recently dipped into physical purchases of the metal for the first time, according to people familiar with the matter. The involvement of banks such as Goldman could help bring liquidity to the trading of cobalt, an opaque market where prices are determined privately between buyers and sellers. Carmakers need metals such as lithium and cobalt for batteries, and some source it directly from miners. But they are open to potentially painful price fluctuations. QUOTE
Market picking up IMO.
https://www.ft.com/content/12ea44c7-d940-4b75-bd94-4fd2116c1c76
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Strong future for cobalt supply demand, page-2
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