In the S&P Global table below, prices in
RED represent a 1% or lower forecast. While prices in
GREEN represent a 1% or higher forecast, compared with last month's consensus estimate target price.
View attachment 5381701Source:
https://www.spglobal.com/marketinte...-china-weakness-cuts-industrial-metals-demandSofter demand from the plug-in electric vehicle market is being further exacerbated by a technological divergence from cobalt-containing batteries, which are typically more expensive than other chemistries. Demand from the consumer electronics sector has also been muted, although a seasonal uptick in sales is expected during the coming weeks. The 4.7% downgrade to the consensus
cobalt price forecast is the second largest for 2023 — with the annual price expected to be 32% below 2022 levels — but higher than current prices and likely to pick up thereafter.
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These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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