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31 Aug
14:23

COBALT: Mining, recycling not ready to meet demand

Cobalt is poised to become a limiting factor for the burgeoning electric vehicle industry, though shifts in tech could make the problem moot, according to a Bank of America research note.  “With EVs set to hit penetration rates of +50% by 2030 and batteries getting bigger, we believe that the bullish demand backdrop is unlikely to change, even if EV manufacturers use batteries with lower cobalt loadings,” the note says. “While the cobalt mar…
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