China is Taking Advantage of Rock Bottom Cobalt Prices to Stockpile Huge Quantities of the Blue Metal

Source: Darton Commodities Ltd via Bloomberg News

The Chinese government is leveraging a 40% plunge in the price of cobalt to further bolster its national strategic reserve of the blue metal used in advanced electronics and electric vehicle batteries.

UK-based cobalt trading house Darton Commodities recorded a massive jump in China’s stockpiling last year and is forecasting equally high levels for 2024 as well.

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by Eric Olander

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