4 Crucial Commodities to Watch in 2023
Resilinc
MAY 16, 2023
Due to electric vehicle (EV) production, demand for cobalt is expected to increase 293% by 2025. This means in order to meet the growing demand, lithium production must increase from 737,000 metric tons to more than 3 million tons by 2030 ( Washington Post ). Now, the leading use of cobalt is rechargeable battery electrodes.
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