Supply Chain & Raw Materials
Page 308 of 518Directory profiles · Battery Business Directory
Organizations mentioned or cited on this 2024 report page. A historical mention does not establish current products, availability or endorsement.
Sources and links on page 308 (2)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
Text on page 308
Cobalt Is In A Severe Oversupply Situation KEY TRENDS: DRC, Indonesia, and China driving oversupply and overcapacity Supply is becoming even more concentrated several Australian and US projects curtailed Cobalt demand diversifying beyond China with new pCAM projects, but mainly in low-risk and low-cost countries like Indonesia
LARGE SURPLUS DRIVEN BY SUPPLY GROWTH: Almost all cobalt is mined as a byproduct of nickel or copper. As such, miners are not deterred by low Co prices and will continue production as long as Ni and Cu markets incentivize it. Curtailments are far from being enough to balance the market.
COBALT IS BEING THRIFTED AND SUBSTITUTED: Shift to Co-free LFP and improvements to NMC cathode materials are heavily dampening demand for Co in batteries - average Co intensity has dropped by two thirds in five years.
Source: Content & analysis provided courtesy of CRU Group (Distinguished Partner). For more information, visit https://www.crugroup.com.
Extracted from the PDF; charts and images may read imperfectly.
More in Industry (21)
Page 308 · 9/17