 Cobalt spot prices were lower for the month and LME cobalt inventory was about the same. EV supply chain majors pilot ReSource, a blockchain solution for end-to-end cobalt traceability. Cobalt market news - SP GMI forecasts the cobalt market to move into deficit from 2024. Analysts at RBC expect cobalt prices to reach 28.50lb this year and 40lb in 2024. 