IMF: Cobalt Market to Remain Nice and Tight

[cryptocurator + 17]

IMF's April report is sweet on cobalt: Cobalt, another raw material for batteries, has experienced sharp price increases since 2016, fueled by tight supply and rising demand from electric vehicle manufacturers. Hitting a nine-year high in late January, cobalt prices were up 38.2 percent in February 2018 relative to their August 2017 average.