8/29/2023 0 Comments San patrick cobalt price![]() ![]() I believe manufacturers of batteries for electronics and portable applications also will be relatively effective competitors because battery costs represent a small fraction of the final product cost. ![]() Industrial users will pay what they have to pay to get all the cobalt they need. ![]() The graphs won’t overlay perfectly due to time scale differences, but a side-by-side comparison says it all. The price chart on the right is from and reflects LME cobalt prices during that period. and summarizes industrial cobalt demand over the last five years. The graph on the left is based on data from Darton Commodities Ltd. I’m convinced industrial users will be the most effective competitors because cobalt represents an insignificant percentage of the ultimate cost of cobalt-dependent products and historical data shows that industrial demand does not decline when prices increase.
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