28
May
00:12
EVs energise cobalt industry outlook despite short-term headwinds
The electric vehicle sector is expected to remain the biggest driver for cobalt demand, having accounted for 45% of all consumption last year. Portables accounted for a 26% share of the demand, super alloys another 9% and others 20%, according to the Cobalt Institute.
Data from the International Energy Agency (IEA) shows that in 2023, global electric car sales, including both battery and plug-in hybrid electric vehicles, reached 13.8 million units. This …
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Anonymous
Very good overview of the weekly steel market.
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