Lithium and Cobalt Supply Trends: Implications for Alternative Fuels

Lithium and Cobalt Supply Trends - Implications for Alternative Fuels.pdf

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Lithium and cobalt drive EV and renewable energy growth. Lithium-ion batteries, reliant on these minerals, face surging demand from EV adoption. U.S. lithium imports rose sharply to $224M monthly in 2025, while cobalt prices peaked then stabilized. Forecasts show modest increases amid supply expansions in Argentina, Chile, and DRC, with shifts to cobalt-reduced tech for cost stability and sustainable transport.

In this study we look into the correlation between the two variables and what they mean to the alternative fuels space.

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