FOCUS: Rising cobalt prices fuel interest for scrap as sulfate feed substitute; broad EV battery recycling 'will take time'

摘要

The sharp rally in cobalt prices over the past two years has accelerated the adoption of cobalt scrap in the production of cobalt metal and salts, including cobalt sulfate, Chinese market participants told Metal Bulletin.The boom in cobalt scrap demand has come at a time when cobalt prices have almost doubled in a year due to a bullish outlook on electric vehicles (EVs) consumption.