If each of the 1 billion cars currently on the road were to be replaced with a Tesla Model X, demand for cobalt would equal 14 million tons — twice the size of the current global reserves, according to a study by commodity analysts CRU Group. Even a more realistic scenario of 30 million electric cars by 2030 would require output to be more than trebled from its current levels.
My favourite paragraph from the Linc
http://www.mining.com/web/sweden-hunts-cobalt-electrical-vehicle-race-boosts-demand/
So, What Do You all Think?, page-66
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