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A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

There are currently mines in Europe, Australia, Africa and North America at the feasibility study stage (the final stage of pre-production, that determines whether to develop a mine), with some –– such as the Nolans Bore mine in Australia –– set to be operational within the next three years. The role of blockchain.

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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. It’s followed by Australia, which has 1.2 Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. Ten years later, that number has more than doubled. Where Do Companies Get Their Cobalt? million metric tons (or 60% of the world’s supply).

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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. It’s followed by Australia, which has 1.2 Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. Ten years later, that number has more than doubled. Where Do Companies Get Their Cobalt? million metric tons (or 60% of the world’s supply).