The Investing News Network (INN) spoke with analysts, market watchers and insiders about which trends could impact the cobalt sector.

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“Batteries are becoming better, cheaper and more abundant — these are the three things that are driving forward what I think is the mega trend of our times.”

Simon Moores

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OUTLOOK REPORT: AUSTRALIA EDITION

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Table of Contents

Cobalt Market Update: Q1 2024 in Review
The cobalt market put on a mixed performance in the first quarter of 2024 as metal prices stalled and contracted, while sulfate and hydroxide values increased.
Cobalt Market Update: Q2 2024 in Review
Prices for cobalt metal continued to contract in Q2 on the back of oversupply. Meanwhile, values for alloy-grade cobalt saw some growth due to increased demand in the aerospace and defense sectors.
ASX Cobalt Stocks: 4 Biggest Companies in 2024
Strong electric vehicle (EV) sales have been driving up demand for key battery raw materials in recent years. EVs require lithium-ion batteries to run, and each battery could contain up to 15 kilograms of cobalt.