According to the report, global lithium-ion battery market was valued at around USD 31.17 billion in 2016 and is expected to generate revenue of USD 67.70 billion by end of 2022, growing at a CAGR of slightly above 13.70% between 2017 and 2022. A lithium-ion battery is an electric device capable of charging and discharging. They are […]
Green Energy
What Does the Cobalt Crunch Mean for Electric Cars?
Cobalt, one of the principal metals used to make electric car batteries, is in short supply and, as demand increases, so does the price. A year and a half ago, the 2.1kg of cobalt needed for an average car battery was worth $600, now it is nearly $1700: a rise of nearly 300%. Although the […]
Why Everyone Wants to Get Their Hands on Cobalt
Cobalt is benefiting heavily from the renewable energy revolution concerning green-energy devices, particularly used in electric cars. The metal is considered to be a technology enabling commodity. According to the London Mercantile Exchange (LME), trading volume reached 1600 lots in November, peaking in December 2016 with nearly 2800 lots being traded, compared to 500 lots […]
Cobalt-free cathode targets next generation lithium ion batteries
Cobalt is a key material for cathodes but can come from mines in conflict regions and is limited in supply, making it a bottleneck for volume battery production. HVS is made from lithium, manganese and nickel, without the high cost and supply chain risk of cobalt. It is suited to fast charging and high power […]
Cobalt tax grab will send carmakers on a diversion
The Democratic Republic of Congo, supplier of two-thirds of the world’s cobalt, aims to more than double royalty charges. That’s bad news for electric cars: the metal is a key battery ingredient. But the move could backfire in the long-term by accelerating an already frantic search for alternatives. Cobalt has been at the heart of […]
China Is Poised To Lead The International Renewable Energy Market
Following through on its recent commitments to combat climate change, China is now on track to become the global leader in the development, financing, and exportation of clean energy technology. According to a new report from the Institute of Energy Economics and Financial Analysis (IEEFA), China has made further progress since 2016 due to continued investment in improving the […]
