China plans to stockpile cobalt after price rout
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China plans to stockpile cobalt as prices for the key battery raw material remain under pressure. The country’s National Food and Strategic Reserves Administration is set to purchase around 3,100 tonnes of cobalt, for a price of around 255,000 RMB ($34,877), Benchmark understands. Cobalt metal prices are sitting at $34,502 a tonne, according to Benchmark’s […]