The EU's plan to make electric vehicles a centerpiece of the continent's economic recovery has injected significant confidence into the global cobalt market, and has also renewed momentum for responsible sourcing across the whole supply chain, according to the head of Eurasian Resources Group (ERG).
Recent government and industry association initiatives across the EU may also provide the boost required to set a floor for cobalt prices, ERG chief executive officer Benedikt Sobotka said."While there are reports of significant stock buildup of artisanal cobalt concentrate...