Why is cobalt such a valuable resource?

The demand for "blue gold" is high

Stars Insider

09/02/24 | StarsInsider


As the world looks at ways to transition from fossil fuels to renewable sources of energy, there are new challenges to overcome. Case in point: cobalt. This natural mineral is used in the production of lithium-ion batteries. Its value has soared in recent years, in response to higher demand for technological devices, and, in particular, electric vehicles. However, cobalt mining poses its own challenges.

Intrigued? Click on to discover why cobalt has become such a valuable resource.

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