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

Provenance

A report proposing three system solutions that could reshape the industry and set the clean energy technology sector on a path to sustainability. These include, new digital reward and market solutions capable of ensuring security and trust as well as significant infrastructural and operational cost reductions benefits. The result?

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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. 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. Tesla: Hope for a Sustainable Solution.

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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. 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. Tesla: Hope for a Sustainable Solution.