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Tag: cobalt industry

Chris Berry Talks Cobalt And Its Role in the Battery Industry

Chris Berry Talks Cobalt And Its Role in the Battery Industry

INN and Berry discussed cobalt, what China Molybdenum’s (HKG:3993) acquisition of Freeport McMoran’s (NYSE:FCX) interest in the Tenke mine will mean for the industry going forward, if cobalt will be bigger than lithium in the battery business, how the cobalt industry has been surprising so far this year, and

2013 Characterized by Weak Cobalt Prices

Metal Bulletin reported that cobalt industry members believe 2013 will be remembered for price falls. And unfortunately, even the Democratic Republic of the Congo’s planned ban on copper and cobalt concentrate exports does not look set to push prices up.

Cobalt Industry Begins Shift to London Metal Exchange Pricing

The Financial Times reported that the $2-billion cobalt industry, which for over two decades has used Metal Bulletin price assessments as a benchmark for transactions, is now switching over to the London Metal Exchange contract. Though the move is not expected to happen overnight, it is being described as “inevitable.”

Cobalt Market Trends in 2010

Cobalt consumption has increased in 2010 and this trend should continue in coming years, due largely to the mineral’s use in rechargeable batteries, like those found in hybrid electric vehicles. What makes the future of cobalt somewhat uncertain, however, is that the industry is unusually complex and concerns about conflict

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