Cobalt in future EV supply chains: Addressing long-term demands through strategic investments

Circular Economy & Remanufacturing

An overview of how new cathode technologies, long-term supply contracts, mining and refining capacity expansions, and investments in new extraction avenues are key to reducing supply chain risks associated with BEV LiB cobalt.

Driven primarily by emission-based legislations and mandatory electrification-targets worldwide, the EV industry has grown exponentially over the last few years with the demand for EVs nearly doubling between 2020 and 2021, from 2.4 million vehicles to 4.5 million. The growing EV market has meanwhile caused an unprecedented surge in demand for the materials needed to produce the lithium-ion batteries (LiB) and motors powering the vehicles.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload