Remove 2015 Remove Chinese Remove Congo Remove Market
article thumbnail

Cobalt Market Report: EVs become the major driving force for cobalt demand growth in 2021

Green Car Congress

The Cobalt Institute’s Cobalt Market Report 2021 , prepared by CRU, confirms the role of cobalt as one the key commodities of the green future, due to the rapid growth of the lithium-ion battery market and a strong global uptake of electric vehicles. Demand rose by 32 kt in 2021 alone compared to 51 kt in the 5 years from 2015-20.

Market 293
article thumbnail

IDTechEx: market for EV powertrain materials to reach $47B by 2030

Green Car Congress

Their meteoric rise will lead to much greater demand for several materials markets which otherwise would see only modest growth. For each, a granular breakdown is used to forecast each material required and its market value over the next 10 years. The Chinese electric car market was, up until 2018, predominantly using LFP cathodes.

Market 243