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Cobalt: Why This Chart Can Spark Both Fear and Happiness

Source:Fastmarkerts. Cobalt standard grade, in-whs Rotterdam $/lb.

If you’re the Chief Financial Officer of an automaker like the Ford Motor Company that loses money on every single electric vehicle it sells, the fact that this chart lists the price of cobalt at around $17 will make you smile.

Cobalt is one of the most expensive inputs into the large electric batteries that power Ford’s F-150 Lightning pick-up truck, so when this controversial resource is selling at half the price it was just a year ago, it helps the company to fight its ongoing price war with Tesla and to better compete against low-cost Chinese EV companies in other markets around the world.

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