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Sole supplier puts cobalt (and EV) market at risk: IEA

The International Energy Agency released a report today where it states that having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
According to the IEA, the cobalt demand for EVs is expected to be over 25 times larger a decade from now if the world’s most developed economies comply with a promise they made last year at the Eighth Clean Energy Ministerial of a 30 per cent market share for electric vehicles in the total of all vehicles (except two-wheelers) by 2030. In this scenario, the number of electric cars on the road could be as high as 220 million.................

http://www.mining.com/sole-supplier-puts-cobalt-ev-market-risk-iea/