Transport delays from South Africa against an increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries.Cobalt prices CBD0 on the London Metal Exchange are at $33,000 a tonne, the highest since early March and up more than 15% since the end of July.South Africa implemented a covid-19 lockdown on March 27, under which ports handle only essential goods with reduced staff, leaving minerals mined across southern and central Africa without a key route to international markets. QUOTE. COB is in strong position IMO.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)