The plummeting of share prices among companies in the battery supply chain due to the 2019-nCoV coronavirus pandemic is reversing the gains achieved after China's announcement of its policy on electric-vehicle subsidies, indicating weak sentiment toward the market.
Lithium and cobalt commodity prices have largely been resilient to volatility since the outbreak of the coronavirus pandemic.Fastmarkets' daily assessment of the price for cobalt, standard grade, in-whs Rotterdam, was $16.30-16.70 per lb on March 19. This was down from $17.00-17.30 per lb on March 13, but up from $16.40-16.90 per lb in late January,...