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How Much Cobalt Do You Need in an EV?
Cobalt demand is going up primarily because of EVs, right? So how much cobalt does need it? This has been, tell me if this is just a weird question. Average battery pack in an EV can take up to 10 kilograms of refined cobalt. If we're talking about putting two, three, 400 millionEVs on the road by 2040, and you multiply that number by 8, 9, 10 kilograms of cobalt per battery pack,. We're talking millions of tons of new demand on top of existing demand. There's no place else to get that kind of cobalt, that amount, except for the Congo.