Electric car boom spurs investor scramble for cobalt

February 14, 2017

By Pratima Desai | Reuters LONDON LONDON Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the 2008 financial crisis.Prices for cobalt metal have climbed nearly 50 percent since September to five-year peaks around $19 … Read More