TOKYO -- Prices of cobalt, used in electric-vehicle batteries, have soared since top producer Congo halted exports, with some expecting the high prices to trigger a shift away from using the rare metal in batteries.
Electric vehicles
Cobalt prices up as Congo extends export ban on EV battery metal
Prolonged rise could push automakers toward alternatives
Congo accounted for 76% of global cobalt mine production in 2024, according to the U.S. Geological Survey. © Reuters
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