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23 Feb
17:51

COBALT: Cobalt market heading to shortage from 2027: WoodMac

Global cobalt market is heading to a deficit from 2027 and reliance on the Democratic Republic of the Congo (DRC) will increase, Kallanish learns from Wood Mackenzie. “We project mined and recycled cobalt can meet only half of forecast demand by the middle of the decade. The world will become ever more dependent on DRC – which can likely step up cobalt production to fill the gap – unless new battery technologies emerge to oust NMC [nickel-mangane…
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