World's Largest Cobalt Producer Issues Warning on EV Metal Demand

World's Largest Cobalt Producer Issues Warning on EV Metal Demand
2 months ago

In a concerning update for the electric vehicle (EV) industry, Glencore, the world's largest cobalt mining company, has expressed a cautious outlook on the future demand for cobalt, a crucial metal used in the production of lithium-ion batteries. The company revealed its prognosis during an earnings call, citing a shift in market dynamics and potential overcapacity in the cobalt supply chain as key factors contributing to their pessimism.

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China's Cobalt Tycoon Achieves Production Milestone Ahead of Schedule

China's Cobalt Tycoon Achieves Production Milestone Ahead of Schedule
2 months ago

In a significant achievement for the global cobalt market, China's leading cobalt producer, Zhejiang Huayou Cobalt Co., has reached its annual output goal for 2024 several months in advance, highlighting the company's robust operational prowess and the increasing demand for cobalt in electric vehicle (EV) batteries.

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