Cobalt market update

As the second quarter kicks off, there are a few catalysts investors interested in cobalt should keep an eye out for.“Further impacts from the war in Ukraine are a key focus at the moment for all commodity markets and the wider global economy,” Fisher said. “For cobalt, impacts are mainly focused on Norilsk Nickel's supply from Russia and Finland, supply chain impacts and oil prices.”Another factor to watch is what happens with China's new set of lockdown restrictions due to COVID-19. China is the world’s leading producer of refined cobalt and the top cobalt consumer, with more than 80 percent of its consumption being used by the battery industry. “High COVID-19 case numbers and an extended lockdown in Shanghai may slow demand growth in China over the coming months with impacts on battery and EV production,” Fisher pointed out. “EV sales remained strong in Q1, but are now at risk from the impacts of the lockdown.” QUOTE
COB developing at the right time in the supply cycle IMO.

https://investingnews.com/cobalt-market-update-2655226837/