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.
JSW Energy Ltd., the Indian power producer controlled by the billionaire Jindal family, delayed expansion of an electricity project because of high coal costs.
The company will shelve a planned 3,200-megawatt expansion at a plant in Ratnagiri in the western state of Maharashtra as it waits for coal-pricing “clarity” from Indonesia and Australia, Chief Executive Officer Lalit Kumar Gupta said in an interview in Mumbai yesterday.
