Dow Today – This Chinese Miner Could Kill the Battery Metals Boom

Prices of the metals used in cathodes for electric vehicle batteries have been on a run in recent months. Huayou’s key product is cobalt, which prevents high-performance cells from overheating and is changing hands for 503,000 yuan ($80,000) a metric ton in Shanghai — almost twice its level 12 months ago. It’s also heavily involved in supplying nickel, which helps pack more energy into the battery itself and this month hit $24,028 a ton, its highest in more than a decade.