Battery technology has greatly increased the demand for cobalt materials. Lithium power batteries are still dominant!

The promotion and popularization of new energy vehicles has further spurred demand for new battery technologies. Nowadays, giants are rushing to buy cobalt materials, and the demand for lithium power batteries continues to grow, so lithium power batteries still dominate in the next two or three decades.

Although we often see the emergence of some new battery technologies, it is still too far to be really large-scale commercial use. In other words, in the future, it will be the world of lithium power batteries.

In order to protect the environment, more and more countries and regions are still pushing new energy vehicles, so this has forced the demand for lithium power batteries. To make lithium power batteries, cobalt must be indispensable. Although scientists can change some of the elements by changing the design method or using other elements, it is difficult to replace the cobalt element, which is the key to double its price every year.

A potential problem at present is that most of the world's cobalt mines appear as a by-product of other metal mining processes. In 2017, approximately 69% of the world's cobalt mines were acquired along with copper mining, and 29% were by-products of nickel ore. Therefore, the supply of cobalt depends largely on the market changes in the copper and nickel markets.

For the future of lithium batteries, Marc Grynberg, head of Umicore Materials, said: No element can increase energy density better than nickel, and there is no better element than cobalt to stabilize all energy. Therefore, it will not happen in the next two or three decades, and lithium batteries are still king.

Previously, it was reported that some mobile phone manufacturers have prepared graphene batteries, which is a new generation of batteries to be commercialized. The biggest advantage is that the battery capacity of the same volume is about 45% of that of lithium batteries, but it can be Fully charged in 12 minutes and maintains high stability in environments up to 60 degrees Celsius. Looking at it now, I still have to wait for it.

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