March 14, 2016
Cobalt Supplies Are A Gigarisk For Battery And EV Manufacturers
Publisher: Seeking Alpha
Author: John Petersen
Cobalt is an essential raw material for all high-energy lithium-ion cells, and the battery industry currently uses 41% of global cobalt production.
Cobalt is also an essential raw material for superalloys, machine tools, catalysts, pigments and other high value products that use the other 59% of global cobalt production.
Roughly 94% of global cobalt supplies come from copper and nickel mines (principally in Africa) that produce cobalt as a minor byproduct.
The other 6% comes from "artisanal" cobalt miners that reportedly rely on slave and child labor.
Whenever highly inflexible supply chains encounter rapidly increasing demand, chronic shortages and skyrocketing prices are unavoidable.
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