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. Supply also returned to growth in 2021, with mine supply rising 12% y/y to 160 kt, after falling in 2020. kt in 2021, 12% of the DRC’s total supply. kt in 2021, 12% of the DRC’s total supply.
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