Cobalt is indispensable for the green energy transition, enabling technologies and ensuring national security.
It is a critical component of lithium-ion batteries that gives electric vehicles the range and durability needed by consumers. It is also used in electronic devices, renewable energy storage, jet engines, power plants, and pigments. Cobalt is infinitely recyclable, making it a strategic resource that is essential to achieving the net-zero 2050 targets.
Cobalt is essential
Cobalt is a critical and essential element used across various sectors of the global economy: electronics, automotive, aerospace, and healthcare. Its most prominent role is in the production of lithium-ion batteries, which power everything from smartphones to electric vehicles, making it indispensable for the ongoing transition to more sustainable technologies. Cobalt is also vital for national security, as a key component in military technologies and advanced defence systems.
Cobalt enables technologies
Cobalt is at the heart of many technologies that power and sustain modern life. It has strong magnetic and catalytic properties, high temperature and corrosion resistance, as well as hardness and durability. These unique characteristics make cobalt indispensable in many high-tech and industrial sectors, such as EV batteries, jet engines, renewable energy, and medical technologies. One of the key advantages of cobalt is its infinite recyclability, allowing it to be recovered and reused in new products, which is vital for ensuring long-term supply sustainability.
Cobalt can be sourced responsibly
Responsible and traceable cobalt from industrial mining is not only possible but verifiable. The cobalt industry is establishing greater transparency in the value chain and undertaking third-party assurance of responsible sourcing approaches in accordance with international standards.