- Cobalt spot prices were higher again for the month and LME cobalt inventory was lower. Cobalt hydroxide prices up 65.5% YTD.
- Cobalt market news - Cobalt demand from NCM batteries used in EVs will likely increase a whopping 37x from 2019 to 2040.
- Cobalt miners news - Glencore reduces capacity at Murrin Murrin. Jervois Mining expects to commence cobalt concentrate production at ICO in mid-2022, making it the only US cobalt mine.
- Global Energy Metals to acquire Monument Peak Copper-Silver-Gold Project in Idaho; Takes strategic interest in battery metal exploration portfolio in Quebec.
For further details see:
Cobalt Miners News For The Month Of March 2021