Abstract
Understanding cobalt criticality and availability is necessary as lithium-ion battery demand, particularly for electric vehicles, is projected to increase exponentially throughout the next decade. With these increases in demand, supply concentration and mining limitations could have a significant impact on cobalt-dependent firms, sectors, and emerging technologies. Increased recycling, cobalt refining capability, and possible substitution away from cobalt in high demand sectors form the basis of modeling scenarios; these scenarios are created to identify the implications of changes in the cobalt supply-demand balance to 2030. Based on these, cobalt faces a tight but not impossible short-term market, where recycling and additional cobalt sources should be pursued and will become increasingly important out to and past 2030.
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© 2019 The Minerals, Metals & Materials Society
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Beatty, D. et al. (2019). Cobalt Criticality and Availability in the Wake of Increased Electric Vehicle Demand: A Short-Term Scenario Analysis. In: Gaustad, G., et al. REWAS 2019. The Minerals, Metals & Materials Series. Springer, Cham. https://doi.org/10.1007/978-3-030-10386-6_42
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DOI: https://doi.org/10.1007/978-3-030-10386-6_42
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Publisher Name: Springer, Cham
Print ISBN: 978-3-030-10385-9
Online ISBN: 978-3-030-10386-6
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