![]() There’s going to be a real crunch to get the material. Piedmont Lithium CEO Keith Phillips told Yahoo Finance Live in a recent interview: “ Yes, we’ll have enough, but not by that time. Is there enough lithium for everyone to have electric cars? This approach is going to be critical as companies fight to secure those minerals for battery production to support electric vehicle growth. Tesla released interesting and rare details about its approach to sourcing lithium, nickel, and cobalt directly from mines instead of through its cell suppliers. Distribution of cobalt consumption worldwide in 2020, by region. Which country consumes the most cobalt?Ĭhina China was by far the world’s largest cobalt consuming region in 2020, accounting for some 32 percent of the global cobalt consumption. This metal is commonly produced as a by-product of nickel mining. Cobalt is primarily produced in the DR Congo, which produced 120,000 metric tons in 2021, in comparison to Russia’s total production of 7,600 metric tons. cobalt imports The largest cobalt deposits are found in the DR Congo, Australia, and Cuba. The DRC accounted for more than two thirds of global cobalt production in 2021, making it the world’s largest cobalt producer by a large margin. It is their largest source of export income. The Democratic Republic of Congo The mining industry in the Democratic Republic of Congo is the most lucrative and essential part of the DRC economy. Which country is the largest producer of cobalt? ![]() In addition to exploitation, child-labor, and corruption, cobalt mining causes vast environmental damage. Manganese-based batteries are safer than cobalt-based batteries. Can we run out of cobalt?Ĭobalt, by nature, is a finite resource: There is only so much that exists in the world. Cobalt is a non-renewable and highly valuable resource. Every year, Indonesia’s oil industry produces around 1350 tons of spent hydrodesulphurization catalyst in which cobalt makes up for 7%wt. Do oil refineries use cobalt?Ĭatalyst are often used in the petroleum refinery industry, especially cobalt-based catalyst such as CoMoX. Superalloys, which are used to make parts for gas turbine engines, are another major use for cobalt. On a global basis, the leading use of cobalt is in rechargeable battery electrodes. How much resources does it take to make an electric car battery?Ī typical electric car battery has: 25 pounds of lithium 60 pounds of nickel 44 pounds of manganese 30 pounds cobalt 200 pounds of copper 400 pounds of aluminum, steel, and plastic The first 4 ingredients are from limited sources and will continue to rise in cost. And it’s these qualities that make cobalt so important in the much larger batteries of renewable energy technologies and electric vehicles. It makes them safer, last longer and store more power. Uses of cobalt Even small amounts of this metal help regulate a battery’s temperature. Tesla helped pave the way for stricter supply chain labor and less reliance on cobalt for EV battery production. On average, an EV needs between 6kg and 12kg of cobalt, which translates to about 120,000 tonnes a year. The process is called desulphurisation and cobalt is used to extract sulphur from crude oil (which is a good thing). ![]() This is due to the fact that cobalt is also used in the refinement of crude oil, which is used to make petrol, diesel, kerosene and pretty much any fossil fuel that you can think of. ![]()
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