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

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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