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The St. Catherines Standard reported on the continued demand for cobalt as a component of batteries.
The St. Catherines Standard reported on the continued demand for cobalt as a component of batteries.
The market news is quoted as saying:
The amount of cobalt in a lithium cobalt oxide battery was close to 60 percent, while more modern batteries like the lithium cobalt aluminum battery and lithium cobalt manganese battery use less than a third of that. However, lithium cobalt manganese batteries may be used in the next generation of electric cars like the Nissan Leaf or Chevy Volt, meaning cobalt demand for battery technologies will not be entirely phased out anytime soon.