The wave of 5G replacement and the rapid increase in the volume of electric vehicles will drive the demand for the cobalt industry. We estimate that the cobalt market size in 2019/2020/2021 will be 12/13.4/144,000 tons, and the compound growth rate of demand in the cobalt industry in the next five years will be 8%. 3C and EV are still the main factors driving the growth of cobalt demand in the future. ①Consumer battery (3C)...
Electric vehicles redefine lithium industry needs. In 2018, the global demand for the lithium industry was 270,000 tons, and lithium for electric vehicles accounted for 37%. The average compound growth rate of the lithium industry in the past 20 years was 8%. Benefiting from the rapid development of the electric vehicle industry, the demand for the lithium industry will be boosted. The compound growth rate of the lithium industry...
