Cobalt Stocks and Companies to Watch in 2020
Cobalt is a key component to the development of lithium batteries in electric vehicles. The electric vehicle (EV) revolution continues to unfold at an unstoppable speed, with sales projections rising higher. Automakers’ commitments total an unprecedented US$300 billion to develop EVs and procure or manufacture batteries over the next five to 10 years. Is it time for your to invest in the cobalt market? Read our FREE outlook report to learn how you can invest and profit in the cobalt market!
Table of Contents
- Cobalt Trends 2019: Market Volatility Reigns
- Cobalt Forecast 2020: Execs Expect EV Demand to Materialize
- Cobalt Outlook 2020: A Crucial Year for EV Production
- 5 Top Cobalt News Stories of 2019
Dear Cobalt Investor,
Demand for cobalt, a key metal in the lithium-ion batteries used to power electric vehicles (EVs), is still expected to surge in the long term. Many market participants continue to believe that demand will outstrip supply even if cobalt content in cathodes is reduced.
Looking at what’s ahead, ERG’s Sobotka pointed out that the large automakers have spent the past couple of years announcing new EV models and it is finally time for those to launch, with more than 250 new models due to start production in 2020. Read on to learn what happened in the cobalt market this 2019 and what market experts forecast for 2020, including the main supply and demand dynamics and what market participants are expecting.
“Refiners of battery chemicals feel availability of hydroxide and concentrate remains high and therefore are not prepared to pay the premium or high prices that we saw through 2017 and into 2018,” Caspar Rawles said, Senior Analyst at Benchmark Mineral Intelligence.
In addition, after China reduced its subsidy policy, which came into full effect on June 25, the Chinese are fearing a dip in EV demand — fueling skepticism about the ramp up in production of EVs. Looking ahead, the market might see further deals over the coming years, notably from the downstream battery supply chain investing in cobalt projects to secure output.
Our FREE outlook report on the cobalt market has valuable expert insight, price analysis and stocks to watch! Gain access to this valuable information and feel confident as a cobalt investor.
What’s Ahead for the Cobalt Market?
Fastmarkets Head of Base Metals and Battery Research William Adams told INN out that there has been a pickup in supply deals in the cobalt space, and it is interesting that they come from all across the globe. “Given a more bullish outlook going forward and given how volatile cobalt prices can be, now may well be the time that (original equipment manufacturers) look at hedging cobalt.”
Looking over to demand, Benchmark Mineral Intelligence forecasts total cobalt demand of 127,000 tonnes in 2019. “We expect a pickup in demand in Q4 2019 and Q1 2020, and this might have a bigger impact on cobalt prices now that the market is looking much more balanced,” Fastmarkets’ Adams said.
As 2020 begins, there are some factors investors should keep their eyes out for that could impact the cobalt space. The Investing News Network’s outlook report on the cobalt market offers this valuable information for FREE! Gain access to information on rising cobalt stocks, quarterly reviews, and expert analysis on the market. So, what are you waiting for? Your key to competent cobalt investment is right here!
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What you’ve read above is just a small snippet of the content we have available within our report. On top of expert insights and pricing analysis, we’ve found high quality cobalt stocks that every investor should be keenly aware of.
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Remember, it costs you nothing to read this special report, and it could make or break your investment in the cobalt market this year. We’re pleased to be able to make it available to you at no cost, and hope you’ll take advantage of the expertise it delivers.
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Yours for financial self-reliance,
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