Threat of cobalt supply crunch could hinder EV growth

A cobalt nugget. Carmakers have responded to rising raw materials prices by accelerating work on types of batteries that use smaller amounts of cobalt. (Bloomberg/Bloomberg)

By:

David Stringer and Martin Ritchie

May 21, 2018 05:00 AM

A burgeoning risk of a supply crunch in cobalt -- a key battery metal that has more than tripled in price in two years -- poses one of the biggest threats to forecasts for rising electric vehicle adoption.

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