Cobalt prices are expected to force！！！ Asian battery manufacturers to use more nickel to replace.

       Cobalt prices soared, prompting major Asian battery manufacturers to change the ratio of raw materials for electric vehicles and cell phone batteries, reducing the amount of cobalt, while increasing the nickel content.
It is expected that by 2025 years, the battery demand for electric vehicles will jump 19 times, manufacturers seeking to reduce the battery in those more expensive ingredients. Cobalt prices have more than doubled in the past year, due to strong demand and supply shortages
Cobalt prices rose to an average of $ 58,549 per ton in July, about six times the nickel price.
Conflict in the Congo, so that the supply of cobalt gap, and rising demand, leading to rising cobalt prices. Nearly 60% of the world's cobalt supply comes from Congo.
UBS said in its recent report that the demand for electric vehicle batteries is expected to increase by 10-40% from now to 2025, depending on how much nickel can replace cobalt.