Yet another good article released by Benchmark on the future of...

Yet another good article released by Benchmark on the future of Cobalt demand/supply :

"Even if despite all these challenges, the NCM 811 adoption is quicker than Benchmark Mineral Intelligence expects, the cobalt industry will still face a supply problem."

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"Under our most bullish scenario where 811 is equal to a huge 40% of the NCM cathode market in 2026, the lithium ion battery industry will still require 180,000 tpa of battery grade cobalt.

That is over a tripling of battery grade cobalt production last year and just under a doubling of the industry’s total annual production.

There is little doubt that nickel’s future in lithium ion batteries is bright, however the cobalt conundrum is far from over. And considering it will be near impossible to commercially engineer cobalt out of a lithium ion battery within the next decade, it is fair to say that the cobalt conundrum is just beginning and the industry’s challenges will shift from supply to demand."


Complete article :

http://benchmarkminerals.com/nickel-v-cobalt-the-secret-ev-battle-for-the-lithium-ion-battery/