Value of EV battery nickel second highest on record, cobalt at 30-month high
Low LFP-penetration markets, Europe is off to the races in 2025 and US buyers pull forward purchases before subsidies end.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
US reopens $500M tender as cobalt prices soar
The Defense Logistics Agency first sought offers in mid-August for up to 7,500 tons of cobalt as prices rise more than threefold.
RANKED: Top 10 automakers by battery cobalt spending
Congo’s export quotas have lit a fire under cobalt prices and spending on the battery material is up 51% year on year despite ongoing thrifting.
Top 50 mining companies surge to new record near $2 trillion valuation
The value of the world’s 50 biggest miners surged by more than $450B in a single quarter after a broad-based rally sparked by rampant gold and copper prices.
Cobalt’s EV battery comeback as prices nearly double
The size of the electric vehicle battery cobalt market in August jumped to the highest since December 2022.
US rare earth stock cracks top 50 mining companies for the first time
Non-Chinese rare earth producers have been conspicuously absent from mining’s top tier, now worth a collective $1.5 trillion, up $200 billion year to date.
CHART: Nvidia hits $4 trillion – how do mining stocks stack up?
It's an open money pit.
CHART: Nickel overtakes lithium as most valuable EV battery metal as prices slump
And that is despite the significant move towards nickel-free batteries such as lithium iron phosphate or LPF and the significant cooling of nickel prices at the same time.
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MEGAMINES: Top 10 most capital intensive bulk mining projects
When these stomach-churning capital outlays start to produce returns, they do so in spades and over generations.
