The spotlight was in Xiamen last week when market participants gathered to discuss hot topics in the cobalt and nickel markets, including higher cobalt prices and their impact on the market in addition to new trends for the cobalt industry.
High prices do not hurt the overall use of cobalt in consumer electronics
Cobalt prices hit a near 10-year high in April, but the blue metal’s high prices will not lead to many cobalt substitutions in consumer electronics, according to battery manufacturer ATL’s procurement director, Xu Shihui.
Cobalt demand from the consumer electronics industry will continue to grow due to new trends, including the intact adoption of lithium-cobalt-oxide (LCO) batteries in laptops and smart phones. Continue Reading →