Market assessment of cobalt: Identification and evaluation of supply risk patterns
2021 (English)In: Resources policy, ISSN 0301-4207, E-ISSN 1873-7641, Vol. 73, article id 102206Article in journal (Refereed) Published
Abstract [en]
Since the 1950s all through the 1670s there has been a considerable economic growth of the least developed and devolving countries nowadays. The world will certainly demand more raw materials to sustain this growth, and therefore their supply will need proper adjustments to keep the material market stable. The possibility of supply shortage has been a growing agenda of developed countries (i.e., the member states of the EU). This article discussed the case of cobalt, by using the German Federal Institute for Geosciences and Natural Resources and Volkswagen (BGR-VW) method to analyze historical developments, with the primary goal of the identification and thus quantification of long term supply risks. This study examined past scenarios that shifted the demand and supply behavior of the cobalt market. Several indicators were calculated and classified according to their potential effect on the supply risk of cobalt. By using the assessment presented in this article, industries and other parties with interests in the cobalt market can more accurately judge the future and current risks in the demand and supply of cobalt.
Place, publisher, year, edition, pages
Elsevier, 2021. Vol. 73, article id 102206
Keywords [en]
Cobalt, Market analysis, BGR-VW method, Resource availability, Electric vehicles, Lithium-ion batteries
National Category
Economics Other Environmental Engineering
Research subject
Waste Science and Technology
Identifiers
URN: urn:nbn:se:ltu:diva-86338DOI: 10.1016/j.resourpol.2021.102206ISI: 000695172400066Scopus ID: 2-s2.0-85109210262OAI: oai:DiVA.org:ltu-86338DiVA, id: diva2:1579939
Note
Validerad;2021;Nivå 2;2021-07-12 (beamah)
2021-07-122021-07-122021-09-23Bibliographically approved