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Why Cobalt

Key Demand Drivers

Expanding electrical vehicle market
projected to have 100 million EVs by 2030 requiring a 400% increase in annual production

Importance of Securing a Robust Supply Chain

90% of cobalt supplies come from copper (60%) and nickel mines (30%) that produce cobalt as a minor byproduct with 90%+ of cobalt projects funded by the Chinese which threatens supply to non-chinese customers

Electric Vehicle Industry’s Impact on Supply Chain

A robust and reliable supply chain is critical to meet manufacturing requirements for Gigafactories and avoid supply chain failure

Other Factors

While E-Transport is a key driver of demand for cobalt, energy storage system annual growth is projected to be 60% through 2030