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Tuesday, April 05, 2022 7:45:29 AM
The EV industry continues to be the key driver for cobalt, with demand increasing this past year on the back of higher sales from key regions such as Europe. Although cobalt investors have been worried about LFP cathodes picking up pace; according to CRU, cobalt demand continues to increase, with structural deficits expected to emerge in the cobalt market from 2025. CRU also continues to see the battery market dominated by both NCM and LFP chemistries for EV applications, with NCM holding ground for longer-range, larger and higher-performance vehicles, particularly in Europe, which will continue to drive cobalt demand.
Benchmark Mineral
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Intelligence expects cobalt demand from the battery sector to grow by over 30 percent in 2022, supported by new EV model launches and governmental legislation; with demand from other segments to also improve throughout the year. Analysts believe that cobalt prices are likely to stay strong in 2022, and although going forward prices may be subjected to cyclicality, we are unlikely to see prices collapse like they did in 2018/2019. Source: Investingnews.com
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