"Nickel-Manganese-Cobalt (NMC) batteries favoured by most...

"Nickel-Manganese-Cobalt (NMC) batteries favoured by most vehicle makers contain around 20% cobalt. Tesla is a proponent of nickel-cobalt-aluminium (NCA) technology which requires less than a third the amount of cobalt."

"Musk said on Wednesday the cobalt content of its NCA cathode chemistry “is already lower than next-generation cathodes that will be made by other cell producers with a nickel-manganese-cobalt ratio of 8:1:1″."

"Benchmark said over six years – from the Roadster to the Model 3 – the EV producer has reduced its cobalt needs by 59% on average per vehicle."

http://www.mining.com/tesla-delivers-bad-news-cobalt-price/

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