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Volkswagen joins “Cobalt for Development” initiative

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Volkswagen says that it is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo (DRC) as well as the living conditions for people in the surrounding communities. Cobalt is an important raw material for the production of electric vehicle batteries.

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Study finds cobalt supply can meet demand for EVs and electronics batteries through 2030

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Roughly 60% of mined cobalt is sourced from the Democratic Republic of Congo (DRC). Half of the current supply of cobalt is incorporated into cathodes for lithium-ion batteries, and many of those batteries are used in consumer electronics and electric vehicles.

Supplies 349
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Benchmark: China dominates Li-ion battery supply chain

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China dominates the global Li-ion battery supply chain to the extent that removing the country in favor of European or North American alternatives will be difficult, according to analysis by Benchmark Minerals Intelligence. Despite mining less than 10% of the global supply, China refines 95% of it.

Li-ion 293
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Benchhmark report: cobalt’s price rises highlight shift to battery-driven pricing dynamics

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Cobalt metal prices (cobalt battery metal, min 99.8%, EXW Europe, USD/lb) have risen 15% from the July 2020 issue of Benchmark’s Cobalt Price Assessment to the most recent data published at the end of October 2020. The transition to an hydroxide-dominated prevailing price becomes more evident when you look at the global supply outlook.

Price 382
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GlobalData: Global lithium production to triple over the next four years

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High growth in demand for lithium batteries is spurring three-fold growth in mine production of lithium over the next four years, with 86kt of new lithium metal capacity coming on stream, according to data and analytics company GlobalData. After moderate growth in lithium supply between 2010 and 2017 of 6.4%

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Mercedes-Benz to source only battery cells with cobalt & lithium from certified mining sites; significantly reducing cobalt

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Currently, the focus is particularly on the battery raw materials cobalt and lithium. In the coming generations of battery cells, the cobalt content is already being reduced to less than ten percent. The further optimization of recyclability and its implementation at Mercedes-Benz is also part of the holistic battery strategy.

Mercedes 377
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Eurasian Resources Group plans NCM material plant for EV batteries

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Eurasian Resources Group (ERG), a leading diversified natural resources group, is assessing the construction of a battery material plant to produce nickel-cobalt-manganese (NCM) precursor materials for batteries for electric vehicles (EVs). The expansion will be defined depending on market conditions.