Low demand, oversupply weigh on cobalt markets - European BRM

The combination of slow demand and oversupply has been putting pressure on the price for cobalt, with part of that pressure coming from the changing preference in battery chemistry toward lithium-iron-phosphate (LFP) batteries and away from nickel-cobalt-manganese (NCM) batteries.

These factors were likely to be among the key talking points for cobalt industry participants ahead of Fastmarkets’ European Battery Raw Materials (BRM) Conference 2023, to be held in Amsterdam,...


Sayaka Kurata

September 14, 2023

19:18 GMT