Cobalt metal price running again, page-101

I just Googled through Cobolt demand in 2022 and I found out that cobalt price has increased by 10.8% in 2022. Price has increased by 62.38% YoY. That means, more Lithium batteries are produced for EV cars and more Cobolts will be consumed.

Please see the chart for Cobolt price in China


According to nature.com, website, a " single car lithium-ion battery pack (of a type known as NMC532) could contain around 8 kg of lithium, 35 kg of nickel, 20 kg of manganese, and 14 kg of cobalt". It means, there is high demand for cobalt and lots of money to be made from EV car battery boom.