Extracted from interview from...

Extracted from interview from https://www.theverge.com/2018/6/21/17488626/elon-musk-cobalt-electric-vehicle-battery-science interview with Caspar Rawles, an analyst at Benchmark Mineral Intelligence who focuses on the cobalt market and cathodes, about why it’s so challenging to create a cobalt-free battery.

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What do you see as the future of the cobalt market? Is it going to become more and more expensive?
That’s the multibillion-dollar question. Electric vehicles are creating a true demand for cobalt now and that’s going to be around for a long time. Demand for cobalt used to be mostly for superalloys used in jet engines and hardware. Now, over 50 percent of demand is coming from the battery sector, which is going to completely change the industry.
At the same time, there are a number of new projects to mine cobalt in DRC. I think we’ll have stable prices until about 2022, when demand is going to exceed what new supplies can come, and then prices are likely to increase.