Chart of the week: cobalt’s rise will level out

Cobalt left other industrial metals “in the dust” in 2017. The price jumped from $30,000 a tonne to $75,000, and has tripled in two years.

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Cobalt left other industrial metals "in the dust" in 2017, says Mark Burton on Bloomberg. Prices jumped from $30,000 a tonne to $75,000; they have tripled in two years. The surge is due mainly to the electric-car boom, as cobalt is a key ingredient in the batteries required to power them.

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