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

Electric car boom to turbocharge battery metal producers

20/09/2019

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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