The cobalt price rose by 119% in 2021 and could climb to new highs through 2022 and beyond, according to the chief executive officer of diversified mining company Eurasian Resources Group (ERG).“While it seems ‘obvious’ to us today that much of the tightness is underscored by stellar demand growth from the EV segment,” Benedikt Sobotka said, “just a year ago, most of us would have sniggered with disbelief at the prospect of EV sales more than doubling in 2021.” “Yet it is now a reality, and the pace of EV adoption shows few signs of losing momentum, being supported by the global transition to a greener future,” he said. QUOTE COB starts the year in strong position IMO
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