As demand for batteries drives a surge in the price of cobalt, the Democratic Republic of Congo is gearing up to overhaul its mining regulations to harvest more profit from the coveted metal. The global boom for smartphones and electric cars has pushed up the price of cobalt, a key ingredient in top-range batteries, to […]
Green Energy
3 Charts That Illustrate the Impact of EVs on Battery Supply, the Electric Grid and Oil Demand
By 2035, there could be 125 million electric cars on the road, up from 2 million last year. The result: a steep upward swing in demand for batteries and electricity, and a similarly strong decline in global oil demand. A new report from Wood Mackenzie details the rise of electric cars around the world. It illustrates how […]
EV battery boom could make Canada home to world’s biggest cobalt project
A global battery boom, driven by growing demand for electric cars, has Canadian miner RNC Minerals is in talks with commodity traders, mine operators and financiers to help secure $1.24 billion to build the world’s biggest nickel and cobalt project next year. The need for batteries in electric vehicles is pushing prices higher for such […]
What are the main differences between Lithium Polymer and Lithium Ion batteries?
LI-POLYMER, WHICH IS VERY USEFUL IN TERMS OF SIZE AND LIGHTNESS, IS NOW BEING USED AS A BATTERY FOR CELL PHONES AND TABLETS. The polymer staging is used to describe a specific lithium-based battery with or without a polymer base. These batteries typically have pore and prism-like cells. The polymer addresses a wide range of […]
Tesla Has Found Yet Another Safe Haven For Cobalt
A SMALL TOWN WITH AN IRONIC NAME COULD HELP ENERGIZE TESLA’S FUTURE When you think Tesla, your typically think Fremont, California or Sparks, Nevada. But Bloomberg recently published a fascinating story, The Canadian Ghost Town That Tesla Is Bringing Back to Life, which reports on some important mines in North America that are addressing the […]
Why cobalt will struggle to free itself from the DRC
The cobalt market will record a supply surplus both this year and next, according to heavyweight commodities research house CRU. This might seem a little surprising, given all the bullish hype surrounding a metal that more than doubled in price last year. CRU itself has drastically revised its original assessment of a sustained supply shortfall […]
