Between 2016 and 2017 the global market for cobalt doubled from $4bn to $8bn, its price surging by 120%.
This was driven by the growth of the EV market, with around 55% of the cobalt currently produced being used for rechargeable electric vehicle batteries, making it one of the most in-demand metals in the world.
In a new podcast from Vox Markets, we speak to an expert in the cobalt industry - Roger Murphy from African Battery Metals (ABM) - about some of the key issues & debates surrounding the scarce metal.
In this episode, we discuss just how reliant the electric vehicle market is on cobalt, touch on some of the political factors that impact the mining of the metal, and give some insight into what the future holds for the global market.
This podcast is the next episode in a new series from Vox Markets called Moving Averages, which features expert market analysis, interviews with top traders & commentators, and more.
We will be releasing new episodes of the podcast every week, so please subscribe to our channel below on iTunes to get notified when new episodes are released.
The podcast is brought to you by online investment platform Vox Markets, which lets you track news and information about any UK listed company.
