Bloomberg: Global cobalt prices being pushed down by Chinese traders
Via Bloomberg:
China’s battery industry has seized on a glut in the global cobalt market to push through a change in the way the commodity is priced.
A rapid expansion of cobalt mining in Democratic Republic of Congo and Indonesia has output racing ahead of demand, dragging down global prices. It’s also prompted a push by squeezed Chinese refineries to win changes in how cobalt is bought and sold.
Lithium and nickel also plunged along with cobalt in 2023 as supply expanded,... Читать дальше...
