Cobalt Market Report: EVs become the major driving force for cobalt demand growth in 2021
Green Car Congress
MAY 18, 2022
Demand rose by 32 kt in 2021 alone compared to 51 kt in the 5 years from 2015-20. The Democratic Republic of the Congo remained the largest source of cobalt supply, accounting for 74% of the global mine supply and 87% (15 kt) of annual growth.Output from the artisanal and small scale mining (ASM) sector is estimated to have increased to 14.5
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