JJCTF - A Disconnect: Electric Vehicles And Cobalt And Copper Prices
By Mike Smitka
Some 80 battery EVs will be on the market by 2021. IF they sell at any volume, THEN demand for the underlying metals used in EV batteries, particularly lithium and cobalt, should rise. But instead, prices have been falling for the past 12 months. So either traders aren't looking very far into the future, or they don't believe the EV revolution will actually occur.
First, the price of cobalt has dropped to about 1/3 of its peak of a year ago. Yet, this remains a crucial component of battery cathodes for the