Cobalt is falling in demand for electric cars and smartphones

Cobalt prices have hit the ground again with a bang as sellers offer ever-increasing discounts to Chinese buyers, whose interest in this battery metal has waned along with demand for electric cars and smartphones.

The reference price for cobalt in Europe has fallen by more than 13% since its peak in May, and an even sharper fall in Chinese prices suggests that prices can continue to be expected. According to cobalt traders and buyers, Chinese customers through each other are trying to negotiate supply deals to compe

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