Nickel – Cobalt: Where are We Now in the Supply/Demand Cycle?
Aug 03, 2021· Cobalt prices have been soft for nearly two years and the market is likely to continue to be in surplus until through next year. 65 percent of global cobalt is refined in China, and Chinese companies now control the largest share of mining operations in the DRC. Cobalt is produced mainly as a by-product, or co-product, of copper and nickel mining.