Cobalt Price Doubles, and Motive Battery Plants Eye on High-Nickel Battery

SHANGHAI, Sept. 13 (SMM) – As of the end of June 2017, cobalt metal price nearly doubled from the level seen in early year. Boosted by the price gain, enterprises supplying motive battery raw materials registered strong performance during the first half of the year. 

At present, sales of new-energy automobiles grew steadily, releasing strong demand for motive battery. 

Motive battery producers, on the other hand, are eying on high-nickel battery in the face of increasingly higher costs.  

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