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.
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7.2¢ |
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Mkt cap ! $30.41M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 104102 | 0.071 |
8 | 138335 | 0.070 |
5 | 201254 | 0.069 |
3 | 108000 | 0.068 |
2 | 150000 | 0.067 |
Price($) | Vol. | No. |
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0.072 | 8979 | 1 |
0.074 | 133200 | 1 |
0.075 | 102021 | 4 |
0.076 | 65116 | 4 |
0.077 | 40000 | 1 |
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