> We need 25 times as much cobalt as we currently mine
Is that really true? I've lost significant money investing in explorers that hoped the Cobalt price would stay high. It hasn't, but also its hard to compete with Congo's mines.
Is that really true? I've lost significant money investing in explorers that hoped the Cobalt price would stay high. It hasn't, but also its hard to compete with Congo's mines.
Unfortunately for cobalt miners, there's significant r&d investment into chemistries free of materials which are dominantly sourced from questionable countries/conditions - some driven by preparation for trade conflicts, and some driven by law (EU supply chain / anti slavery acts). And that is yielding its first results, e.g. [1].
[1] https://www.global.toshiba/ww/technology/corporate/rdc/rd/to...
1. https://www.iea.org/energy-system/electricity/grid-scale-sto...
2. https://about.bnef.com/blog/2h-2023-energy-storage-market-ou...