The production of cobalt may need to increase by 460% from 2018 levels over the next three decades to meet the growing demand for clean energy technologies, according to a report by the World Bank.
Cobalt demand in clean energy technologies is seen rising from 140,000 tonnes to 644,000 tonnes by 2050, the report estimated.But growth in demand for cobalt, a key raw material used in batteries for electric vehicles, could also carry supply risks, as more than 60% of cobalt production is concentrated...