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| With the rapid development of renewable energy and electric vehicles, lithium and cobalt resources like oil and gas resources are becoming new geopolitical wrestling points. So which countries, like the Middle East, have a near-monopoly on lithium and cobalt? A major producer of lithium
In 2017, the world produced 43,000 tons of metal lithium, including 18,700 tons in Australia, 14,100 tons in Chile and 5,500 tons in Argentina. A major producer of cobalt
Global production of cobalt in 2017 was 110,000 tons, including 64,000 tons in Congo, 5,600 tons in Russia and 5,000 tons in Australia. The market price of lithium and cobalt
The market price of lithium and cobalt is currently $21 / kg for lithium carbonate, 2.63 times that of early 2005 ($8 / kg). Lithium battery raw material market doubles
The global lithium battery raw material market was 1.1 trillion yen ($10 billion) in 2015, and the market size is expected to reach 2.9 trillion yen ($26 billion) in 2021. Source: international energy small data |
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