- Countries in Europe are leading the world in uptake of electric vehicles using lithium-ion batteries
- Electric vehicles totalling 22% of all new vehicle sales in Norway
- Stationary battery storage for home or grid use is also dramatically increasing, as an efficient cathode, cobalt helps store power for longer
- Lithium-ion batteries using Cobalt are already being produced in Europe to meet this demand, and production capacity is growing dramatically.
- In Europe, four battery factories are in production, one in construction and four more planned
- Growing public demand for ethically sourced tech materials is driving producers to seek supply from secure and stable jurisdictions