Battery metals track highs and lows of electric car market
Prices of cobalt and lithium have dropped drastically, but this is likely to be temporary
19 December 2019 - 18:37
London — It’s been a tough year for electric vehicle (EV) metal bulls. The speculative heat surrounding any and every material that goes into an EV battery has dissipated over the course of 2019.
Two years ago the spot lithium price in China was $26/kg. Today it is assessed by Fastmarkets at below $8. Cobalt, a key input for lithium-ion battery chemistry, has experienced a similar boom and bust cycle, the price of standard grade metal sliding from over $44 per pound in the second quarter of 2018 to a current $15.75...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.