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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
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JRC: Europe must take steps to boost supply of cobalt for EV batteries

Green Car Congress

As the gap between supply and demand is expected to increase in the next decade, the EU will continue to depend on imports for the foreseeable future. On the one hand, more than half of the worldwide supply (126,000 tonnes) is mined in the Democratic Republic of Congo. Cobalt prices have tripled between 2015 and 2018.

Supplies 259
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IDTechEx: market for EV powertrain materials to reach $47B by 2030

Green Car Congress

A new report from IDTechEx, “ Materials for Electric Vehicles 2020-2030 ”, identifies and analyzes trends in electric vehicle battery cell- and pack-level materials, and electric traction motor materials, to determine the overall materials demand from the construction and future improvements of these components. Battery Cell Materials.

Market 243
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Redwood Materials Will Recycle Hawaiian Grid Batteries

Cars That Think

As such, it sets the stage for an expected rise in stationary battery storage recycling in the future. A Redwood Materials spokesman said that “successful decommissioning of these initial projects serves as an industry model for future gigawatt-scale projects.” The vast majority of batteries are nowhere near end of life yet.

Grid 74
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We Need More Than Just Electric Vehicles

Cars That Think

Most automotive manufacturers say they plan to use renewable energy in the future, but for now, most battery production relies on electric grids largely powered by fossil fuels. passenger-vehicle fleet over the period between 2015 and 2050. AFP/Getty Images. Number of EVs on the road in China in 2021. fleet of light vehicles.