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.
I just Googled through Cobolt demand in 2022 and I found out...
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Last
9.4¢ |
Change
0.007(8.05%) |
Mkt cap ! $39.64M | |||
| Open | High | Low | Value | Volume |
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9.2¢ |
Change
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| Last updated 15.59pm 09/05/2024 ? | |||||
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