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Batteries
Cobalt is a critical element in lithium-ion batteries, used in electric vehicles, smartphones, and laptops, due to its ability to improve energy density and stability.
— Material · Co · Atomic number 27
Cobalt: A Strategic Metal
A vital metal known for its high strength, heat resistance, and ability to enhance energy storage systems.
— Principal applications
Applications of Cobalt
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Aerospace
Used in high-performance alloys for jet engines and turbines because of its resistance to heat and corrosion.
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Healthcare
Cobalt plays a role in medical applications such as prosthetics and radiotherapy devices.
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Electronics
Essential in magnets, semiconductors, and other advanced electronic components.
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— End-use · Energy storage
At the heart of every EV — copper foils spooled through a cobalt-oxide cathode.
Cobalt from the Central African Copperbelt remains the dominant cathode stabiliser in high-energy-density lithium-ion chemistries used by automotive and grid-scale storage.
— Market perspectives
Market Perspectives
The demand for cobalt is rapidly increasing due to its integral role in emerging technologies. The transition to EVs is a primary driver, as most EV batteries rely on cobalt to enhance efficiency and lifespan. Cobalt is critical in energy storage systems, supporting the expansion of renewable energy technologies. With a significant portion of global cobalt production concentrated in the DRC, supply stability and ethical sourcing remain key concerns. Cobalt's market is expected to grow substantially as the world moves toward decarbonization and electrification.