GRAPH: Cobalt price plunge and the EV market
Inflation adjusted cobalt prices are the lowest in 100 years after a deluge of new supply. Stagnating demand from EVs only adds to the bear case.
Chilean President Sebastian Pinera said Thursday the country’s copper giant Codelco will remain state-owned in a bid to ease fears that the company will be privatized.
Codelco, the world’s largest copper-producing company, “belongs to all Chileans,” and any attempt to privatize it was to be ruled out, Pinera said.
