Cobalt prices are soaring as a surprise export ban from the world’s largest producing country fuels mounting uncertainty along the supply chain.
Cobalt prices are spiking due to a surprise four-month export ban from the Democratic Republic of Congo, the world's largest producer, causing supply chain uncertainty. Cobalt hydroxide prices have jumped 84% and cobalt metal over 43%. Telf AG has invoked force majeure clauses, and a Chinese battery manufacturer is reviewing costs.
