Big Tech and Auto Battle for the World’s Cobalt Resources
Elementum
MARCH 27, 2018
In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. It’s expected that market demand for the metal will increase to more than 120,000 tonnes per year by 2020 — 60% of which will account for battery production alone. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. Demand Intensifies.
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