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[$$] Investors Get Burned After Betting on Electric-Car Metals

Investors who piled into electric-car metals can’t seem to catch a break. Cobalt prices have fallen more than 30% in 2019 to their lowest level in two years, according to figures from commodity-price provider Fastmarkets through Feb. 6. The descent in both markets is a reversal from 2017, when investors sent prices soaring as they anticipated a wave of demand would lead to supply shortages.