Four Years Ago
Elon Musk declared that his Tesla vehicles were going to have batteries that were cobalt free.
The First Quarter
Of this year, amid the tremendous din of Musk’s desired acquisition of the social platform Twitter
Tesla Revealed That Nearly
Half of its vehicles produced in that time frame featured cobalt-free lithium iron phosphate (LFP) batteries.
Simon Alvarez, In Teslarati
Writes that LFP batteries are not new but make up little of the electric vehicle market in the United States, Canada and the European Union.
The LFP Batteries Are A Component
Of the EV market that is being pursued by a number of automobile manufacturers as demand for cobalt continues to increase — and correspondingly its price.
Benchmark Mineral Intelligence
As reported in TheStreet, expects more than 30% growth in cobalt demand due to new model launches and government legislation.