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

Provenance

The clean energy technology sector achieved considerable growth with China’s low REE prices and advances in manufacturing technology , growth that some associated with low environmental and social sustainability standards. Moreover, the scare incited the international community to increase focus on supply security.

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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. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. Companies are moving to secure as much of the resource as they can before the economic battle over it enters full swing. Ten years later, that number has more than doubled.

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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. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. Companies are moving to secure as much of the resource as they can before the economic battle over it enters full swing. Ten years later, that number has more than doubled.