westernkicks
Posts: 27
Joined: Thu Oct 27, 2016 12:03 am

Cobalt Prices Soar at a 70% Increase in 2017

Fri Apr 28, 2017 3:10 pm

Seeing that 2017 has just begun and Cobalt prices have soared up to 70% in increase in price it makes us wonder what the year is going to bring Cobalt being the prime component of lithium batteries is a big issue 60% of it comes from the Democratic Republic of Congo where child labor is a huge problem companies like apple cut ties with this kind of immoral practice leaving only a small margin to where and when they can get cobalt I wonder what the implications will be on the electric vehicle battery and we have to keep in mind that the bottom line is Cobalt is hard to get at the CLE even harder to get and now it's very expensive we may see an increase in the electric vehicle if this becomes a greater issue

LAev
Posts: 74
Joined: Tue Aug 09, 2016 8:17 pm

Re: Cobalt Prices Soar at a 70% Increase in 2017

Mon May 01, 2017 2:45 am

This is something we should watch or keep an eye on. This year the price to manufacture the battery decreased. With the influx in price for the Cobalt I wonder if it will increase again.

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