By Paul Homewood

One of the new additions to the BP Energy Review this year is a section on rare earths, both prices and output.

BP show that prices for both cobalt and lithium have risen sharply in the last year or two, although cobalt is still cheaper than it was in 2008.

When we look at output, we can see that it is only rising slowly, suggesting that increased demand is forcing up prices rather than supply.

Whether the supply side can increase in line with future demand remains to be seen, but it does not bode well for the battery market.

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June 17, 2018 at 12:03PM