Benchmark Minerals offers valuable insight into the lithium-ion battery industry by providing the most recent prices of its raw materials. We provide monthly reports to our Cobalt Price Assessment subscribers, which include analysis of the market and up to date pricing.
The electric vehicle (EV) industry is a maverick sector, and its trends are still hard to pin down. Experts are comfortable in predicting that its market will continue to grow in the next decade, however. It is expected, after all, that governments will launch policies and laws to divert automakers and consumers from combustion-engine vehicles to electrically-powered cars.
In light of this projection, carmakers like Tesla, General Motors, and Toyota, are scrambling to secure supply agreements with mining companies that produce the base minerals essential for EV lithium-ion battery packs. Cobalt is among those minerals that manufacturers covet, and the price of cobalt has skyrocketed in the last couple of years.
Despite the cost of acquiring cobalt, it is one of the most commonly used ingredients for manufacturing cathodes for lithium-ion batteries. While other base metals are also used to manufacture them, cobalt is a more stable and reliable substance. In fact, manufacturers include cobalt precisely to make cathode chemistry stable.
Without a doubt, cobalt’s market performance and demand trends are a concern for companies making up the lithium-ion battery market.
Benchmark Mineral Intelligence offers a simple and efficient way of acquiring data on raw materials, including cobalt price forecasts.
If you represent an organisation that is invested in cobalt mining and production or lithium-ion battery and electric vehicle (EV) manufacturing, you’ll need data to back your business decisions. Benchmark Minerals can be your trusted source of cobalt price charts, assessments, and projections.