Supply Management Daily

Plummeting cobalt prices shows ‘disconnect between planners and buyers’

The price of cobalt, a mineral largely used in electronics and batteries, has collapsed from $82,000 per tonne early last year to $35,000.

Firms spent twice as much on stock in 2022 than before the pandemic, meaning many could benefit financially from adjusting purchasing models.

Greater export sales were recorded for the fourth month in a row, and March’s rate of expansion was the largest for eight and a half years.

Posting staff at client sites is becoming an increasingly attractive arrangement, with tangible benefits for suppliers and individuals.

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