Electric vehicles surpass phones as top driver of cobalt demand
Mining News Pro - Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal, or 34% of the total globally.
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Cobalt demand from battery industry expected to grow in the next five years
Mining News Pro - A recent report by Benchmark Mineral Intelligence forecasts that the battery industry will require a further 100,000 tonnes of cobalt by 2025.
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