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REWAS 2019 pp 355-357 | Cite as

Cobalt Criticality and Availability in the Wake of Increased Electric Vehicle Demand: A Short-Term Scenario Analysis

  • Danielle Beatty
  • Xinkai Fu
  • Michele Bustamante
  • Gabrielle Gaustad
  • Callie Babbitt
  • Randolph Kirchain
  • Richard Roth
  • Elsa OlivettiEmail author
Conference paper
Part of the The Minerals, Metals & Materials Series book series (MMMS)

Abstract

Understanding cobalt criticality and availability is necessary as lithium-ion battery demand, particularly for electric vehicles, is projected to increase exponentially throughout the next decade. With these increases in demand, supply concentration and mining limitations could have a significant impact on cobalt-dependent firms, sectors, and emerging technologies. Increased recycling, cobalt refining capability, and possible substitution away from cobalt in high demand sectors form the basis of modeling scenarios; these scenarios are created to identify the implications of changes in the cobalt supply-demand balance to 2030. Based on these, cobalt faces a tight but not impossible short-term market, where recycling and additional cobalt sources should be pursued and will become increasingly important out to and past 2030.

Keywords

Cobalt metal Availability Criticality Scenario analysis Supply Demand Electric vehicle 

Copyright information

© The Minerals, Metals & Materials Society 2019

Authors and Affiliations

  • Danielle Beatty
    • 1
  • Xinkai Fu
    • 2
  • Michele Bustamante
    • 2
  • Gabrielle Gaustad
    • 3
  • Callie Babbitt
    • 3
  • Randolph Kirchain
    • 2
  • Richard Roth
    • 2
  • Elsa Olivetti
    • 2
    Email author
  1. 1.University of UtahSalt Lake CityUSA
  2. 2.Massachusetts Institute of TechnologyCambridgeUSA
  3. 3.Rochester Institute of TechnologyRochesterUSA

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