Remove 2006 Remove 2030 Remove Procurement Remove Security
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A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

A move that led to international concerns around supply security and the political motivation behind China’s export restrictions. Moreover, the scare incited the international community to increase focus on supply security. Secure digital signatures: Strong cryptography techniques make replacing paper records feasible and secure.

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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. Conclusion.

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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. Conclusion.