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Nickel spot prices were significantly lower in March, and the LME inventory was slightly higher than last month. Nickel market news - Fitch: Nickel demand for EVs to outpace lithium and cobalt. UBS forecasts Demand for nickel grows from ~2.6mtpa now to 5.8mtpa by 2030, a 2.2x increase...
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 reduc...
Nickel spot prices were significantly higher again in February, and the LME inventory was slightly higher than last month. Nickel market news - Commodities supercycle just beginning. Metals are soaring on a green frenzy and global recovery. Biden signs executive order to review critic...
Cobalt spot prices surged higher again for the month, and LME cobalt inventory was much lower. Cobalt market news - China’s demand for electric cars drives cobalt prices to highest level in 2 years. UBS: Cobalt market to be in deficit for the next 10 years. Cobalt miners ne...
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Australia’s Orocobre (TSX: ORL ,ASX:ORE) and Galaxy Resources (ASX: GXY ,OTC Pink:GALXF) agreed this week to join forces in a AU$4 billion “merger of equals.” The deal comes as demand for lithium for electric vehicle (EV) batteries continues to pick up pace. ...