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What is Cobalt Industry Trends in China about?
Demand for cobalt is growing due to its use in lithium-ion batteries for electric vehicles and other technologies. This has led to global supply constraints and higher cobalt prices as major companies attempt to secure cobalt supplies. Cobalt is primarily used in batteries and superalloys, with battery demand being the main driver of the market and increasing significantly in recent years.
- Author
- manjotsingh65
- Language
- EN