Many people driving around in EVs don’t realize cobalt is a vital part of lithium-ion batteries. Cobalt allows for the range, and durability consumers expect and need. For these reasons, cobalt may be one of the most sought-after metals on the planet today. Unlike lithium and other green metals such as copper and nickel, which […]
The global decarbonization of our planet, central to the EV revolution, continues to accelerate. However, behind the cool adverts and showrooms of new electric vehicles lies a chunk of the supply chain fraught with forced labor, bribery, rebel armies, and mercenaries battling for a piece of an irreplaceable resource: cobalt. Unlike other green metals such as […]
Some analysts are now warning of an impending supply shortage of cobalt. Strange, considering that only three years ago, the market was flooded with so much cobalt that the metal’s price plunged by about 70% between 2018 and 2019 — see the Trading Economics chart below for details. Cobalt Price 5-yr Chart (USD/tonne) However, note […]