promoting the sustainable and responsible production and use of cobalt in all forms

Electric car boom to turbocharge battery metal producers


Demand for metals used in battery electric vehicles could rise six-fold if electric cars reach 8% of road traffic by the mid-2020s, delivering huge dividends for producing countries like Democratic Republic of Congo.

The credit ratings agency said a worldwide shift to electric vehicles would likely drive up demand for cobalt, of which DRC is the world’s number one producer, as well as lithium, nickel and copper.

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