Cobalt – Why Europe

  • 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