Steeper cobalt discounts sought, squeezing Indonesian nickel producer margins
Chinese EV battery makers are demanding steeper cobalt discounts, three sources said, which could further cut into margins for Indonesian nickel producers already squeezed by higher ore and sulphur costs.
Chinese makers of batteries for electric vehicles are pressing for larger cobalt discounts, which could further squeeze margins at Indonesian nickel producers already facing higher costs for ore and sulphur, three sources familiar with the matter said. Traders have mainly absorbed the effect of the discount pressure.