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Electric car boom spurs investor scramble for cobalt

Prices for cobalt have climbed 50% since September to 5-year peak

London

INVESTORS are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the 2008 financial crisis.

Prices for cobalt metal have climbed nearly 50 per

sentifi.com

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