Remove 2006 Remove 2030 Remove Procurement Remove Transportation
article thumbnail

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

Provenance

Honda, for instance, has already begun extracting over 80% of its rare earth materials from nickel-metal hydride batteries , and it is predicted that by 2030, 10% of Nd demand in the EU will be met through recycling magnets from electric vehicles, wind turbines and hard disk drives. The role of blockchain. Introduction to available tools.

article thumbnail

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. Supply chain is not just about the procurement and transportation of goods from source to consumer. Ten years later, that number has more than doubled. Demand Intensifies.

article thumbnail

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. Supply chain is not just about the procurement and transportation of goods from source to consumer. Ten years later, that number has more than doubled. Demand Intensifies.