9/17/2023 0 Comments Lithium cobalt mining![]() ![]() Perhaps the biggest drawback to lithium-ion batteries is the cost of cobalt. In recent years, cobalt has accounted for roughly a quarter of the cost to make a lithium-ion battery, more than the cost of all the other metals in a battery combined. (Source) Let us have look at the reasons why companies all over the world are moving away from cobalt in the production of lithium-ion batteries. Tesla has recently announced that they will no longer use cobalt in their battery production. ![]() However, they do contain cobalt, resulting in a lot of disagreement over their use in electric cars. The lithium-ion batteries in use currently are popular due to their portability and long life. More than 35% of global cobalt production is used to provide lighter electric vehicles with a battery source, exceeding 10 million units. Cobalt is an essential raw material used in lithium-ion batteries, which are now being produced in high volumes by various players. The demand for cobalt has been increasing in recent years due to the boom in electric vehicles and mobile devices. The demand for cobalt to create batteries is set to increase in the future and there are concerns that we may not have enough cobalt to support future needs in a world of increasing electric vehicle adoption. “We use less than 3% cobalt in our batteries & will use none in next-generation” – Elon Musk on Twitter in 2018Ĭobalt is used in the lithium-ion batteries that power our smartphones, laptops, tablets, and electric cars. The future of Lithium-ion batteries – Transitioning towards a cobalt-free world! ![]()
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