CLA - Cobalt related news, page-2510

The Cobalt Price Bubble Just Burst

There's a silver lining here...

In fact, I'd call it a gold lining.

Since the price of cobalt has pulled back — and there has been a tandem downturn in lithium prices since the beginning of 2018 — we can expect the price of lithium-ion batteries to come down.

That's good for consumers. But it could be a paradigm shift for the auto market overall.

You see, retail prices for electric vehicles are still comparatively higher than gas-powered cars. And a lot of that price can be attributed to the EV's battery.

If the recent price drop in cobalt — and tandem downturn in lithium prices — can push the cost of EV lithium-ion batteries low enough, that could be the axis at which EVs finally become comparable to gas-powered car in retail price.

That's the day the electric vehicle market wins the revolution.

Electric vehicles have struggled against one resistance after another. But there is no revolution without struggle.

The EV's day of victory is nigh.

I'd call that a pretty good gold lining.

Stay with it.