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 followed by Australia, which has 1.2 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030.
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