The (Potential) Value of Labeling in the Lithium Ion Battery Supply Chain

The UCLA Anderson Global Supply Chain Blog

For example, over 60% of cobalt comes from the Democratic Republic of Congo, which uses the labor of tens of thousands of children as young as four years old in its mines. [4]. Battery consumption/availability: estimates based projected global battery consumption from BNEF through 2030.

Congo 78

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

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 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. A cobalt mine in the Democratic Republic of Congo. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply.

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

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. A cobalt mine in the Democratic Republic of Congo.

Global electric vehicle demand drives scramble for fresh supplies of vital metals

EFT

Investment bank Goldman Sachs predicts that sales of batteries to power EVs will rise from under $10 billion to $60 billion by 2030, which will require that the global availability of battery metals expands to meet swelling demand.