Cobalt prices slip as summer approaches, but EV expansions, supply concerns raise hopes that bull market looms

摘要

Cobalt prices slipped 10 cents on Friday June 3 as stockholderslowered their sights to win consumer business amid signs that thebrisk spot trade seen in April and May is starting to dry up.But with reports circulating that car maker Volkswagen is planningmajor investments in electric vehicles and concerns mounting aboutpotential supply disruptions in the DRC, many market participantsremained optimistic that the pressure on prices will prove shortlived.