FILE PHOTO: Tesla Model X electric cars recharge their batteries in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch
Payables - a reference to the percentage of the cobalt metal price used to price hydroxide, a feedstock for electric vehicle batteries - are up at around 93-94% from about 63-69% a year ago, analysts from Benchmark Mineral Intelligence said. “There is a very material concern around long-term shortages for cobalt,” said George Heppel, analyst at CRU Group.
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