I may also add, for anyone of interest, that there is no other cathode other than the cobalt-cathode capable of achieving such high energy densities. There are other cathodes like Fe-Phosphate (BYD batteries e.g.), but these have lesser energy densities, meaning that if you want to make an electric car that will go further or a smartphone that will last longer, there is just no other way beside it (not even the high-voltage-spinel cathode some companies like NNO.V are proposing).
However only 6% of the world’s cobalt is produced as a primary mine product while 94% is produced as a by-product of nickel and copper mining. This means that because nickel and copper both trading at multi-year lows, mining companies are suspending operations at marginal nickel, copper and cobalt mines worldwide; and due to these mine closures, cobalt production is expected to fall in 2016 and remain at lower levels until nickel and copper demand recovers and mines return to production.
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