Broken Hill global cobalt province., page-854

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.

Cobalt prices moved higher in June, boosted by rising demand for cobalt-containing EV batteries, restocking and tightness in cobalt availability.

Cobalt suppliers have been reluctant to offer material at low or discounted prices, reducing the number of available cobalt units, which has driven up cobalt chemical and metal production costs.

Consensus price forecasts for cobalt point to a rise during the September quarter, although the full-year 2023 estimate is downgraded by 0.5%. The sluggish global economy is weighing on cobalt demand in the consumer electronics sector, requiring EV sales to accelerate to maintain the cobalt price recovery.




Source: https://www.spglobal.com/marketinte...conomic-headwinds-dampen-metals-price-outlook

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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.