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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. CEO Elon Musk has been doing his best to dispel these concerns, partnering with the small town of Cobalt in Ontario, Canada to secure its needs. Where Do Companies Get Their Cobalt?

article thumbnail

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. CEO Elon Musk has been doing his best to dispel these concerns, partnering with the small town of Cobalt in Ontario, Canada to secure its needs. Where Do Companies Get Their Cobalt?