The Alchemist, Issue 31: Cobalt has had a meteoric rise in 2017. In this issue of The Alchemist, we delve into the cobalt market and try to piece together the demand story for the metal in order to try and understand what is driving demand and whether existing or likely supply could match it.
Our investigations have led us to temper our excitement about the medium-longer-term demand outlook for cobalt. Non-battery uses of the metal will continue to demand a significant market share and are forecast to grow at a slow, but steady, rate, but indications are that supply-side worries are driving battery producers to reduce their reliance on cobalt significantly through technological advances.
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