CLA - Cobalt related news, page-2758

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SandyC

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07/06/19

09:44

Post #: 38953869
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Originally posted by mudguts: ↑

UK electric cars will require twice the world’s supply of cobalt

5 Jun, 2019 1:31pm

Scientists warn of “huge implications for our natural resources” as government pushes for rapid adoption of electric cars
A team of scientists has written to the Committee of Climate Change warning that if the UK’s 31.5 million cars are replaced by electric vehicles by 2050, as is currently planned by the Government, this will require almost twice the current annual global supply of cobalt.
The researchers have also calculated that based on the latest ‘811’ battery technology (80 per cent nickel, 10 per cent cobalt, 10 per cent manganese), UK demand for EV batteries will require almost the total amount of neodymium produced globally each year, three quarter’s of the world’s lithium, and “at least half” of the world’s copper.

The letter, authored by a team of eight scientists headed by the Natural History Museum’s head of earth sciences, professor Richard Herrington, explains that to replace the UK’s cars with EVs will require 207,900 tonnes of cobalt, 264,600 tonnes of lithium carbonate and “at least” 7,200 tonnes of neodymium and dysprosium, as well as 2,362,500 tonnes of copper.

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Anything can happen in 30 years. I think we need to be more worried about what's going to drive the CLA price up in the next few years.

CLA Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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