{"id":554479,"date":"2023-02-10T09:35:31","date_gmt":"2023-02-10T04:05:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=554479"},"modified":"2023-02-10T10:34:22","modified_gmt":"2023-02-10T05:04:22","slug":"cobalts-battery-powered-boom-in-2022-on-ev-demand-surge-busts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cobalts-battery-powered-boom-in-2022-on-ev-demand-surge-busts\/","title":{"rendered":"Cobalt&#8217;s battery-powered boom in 2022 on EV demand surge busts"},"content":{"rendered":"<p> A blistering rally in the cobalt market is turning into a rout, putting pressure on miners and offering tentative cost relief for carmakers after a surge in battery metal prices last year.<\/p>\n<p>Cobalt rallied sharply early in 2022 as demand for electric vehicles surged. But while automotive usage is still rising, there\u2019s been a sharp drop-off in buying from another key sector \u2014 Chinese electronics \u2014 and cobalt prices have crashed more than 50% since a peak in May.<\/p>\n<p>Pound for pound, the batteries used in laptops, phones and tablets contain much more cobalt than EV batteries, and demand from the industry has fallen about 30% to 40% over the past year, according to researcher Rystad Energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A blistering rally in the cobalt market is turning into a rout, putting pressure on miners and offering tentative cost relief for carmakers after a surge in battery metal prices last year. Cobalt rallied sharply early in 2022 as demand for electric vehicles surged. But while automotive usage is still rising, there\u2019s been a sharp drop-off in buying from another key sector \u2014 Chinese electronics \u2014 and cobalt prices have crashed more than 50% since a peak in May. Pound for pound, the batteries used in laptops, phones and tablets contain much more cobalt than EV batteries, and demand from [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-554479","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=554479"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554479\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}