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 demanding steeper discounts for cobalt, which could further cut into margins at Indonesian nickel producers squeezed by rising costs of ore and sulphur, three sources familiar with the matter said.Traders have mainly borne the impact of discount…