Raw cobalt is seen after a first transformation in a plant in Lubumbashi, Democratic Republic of Congo, on February 16, 2018, before being exported to China to be refined. Photo: AFP
Raw cobalt is seen after a first transformation in a plant in Lubumbashi, Democratic Republic of Congo, on February 16, 2018, before being exported to China to be refined. Photo: AFP
Energy
Business /  Commodities

Goldman Sachs: bull market for battery metals is over as lithium, nickel, cobalt projects come on stream

  • Huge surplus of cobalt, lithium and nickel over the next one or two years will cause prices to trend lower
  • Goldman Sachs expects the price of cobalt to drop by a quarter in 2023

Yujie Xue
Yujie Xue in Shenzhen

Updated: 6:30pm, 30 May, 2022

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Raw cobalt is seen after a first transformation in a plant in Lubumbashi, Democratic Republic of Congo, on February 16, 2018, before being exported to China to be refined. Photo: AFP
Raw cobalt is seen after a first transformation in a plant in Lubumbashi, Democratic Republic of Congo, on February 16, 2018, before being exported to China to be refined. Photo: AFP
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