The price trend of products depends on the market. Cobalt is an important component of energy and battery materials.

The future will be affected by supply and demand factors, leading to price fluctuations.

Specifically, the increase in global cobalt ore production, the development of lithium-ion battery industry, and the adjustment of energy-saving and environmental protection policies will all have an impact on cobalt prices. Therefore, the price of cobalt will rise in 2023, so we need to consider these factors, refer to the market reports and analysis of professional institutions, and make specific judgments.