Tag: Lithium-Ion Batteries

Rising Demand Sparks Renewed Interest in U.S. Cobalt mining

Cobalt Ore

According to London-based research firm CRU Group, global consumption of cobalt in 2011 was roughly 75,000 tons. In 2018, cobalt consumption exceeded 122,000 tons. This precious metal is used to make everything from jet engines to the lithium-ion batteries in our phones, and as a result cobalt consumption is on pace to rise 8-10 percent… Read more »