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Sweden will intensify its search for rare metals such as cobalt and lithium

- Feb 24, 2018 -

Sweden will intensify its search for rare metals such as cobalt and lithium, which are key battery components that are becoming increasingly needed by electric vehicle manufacturers; as a key component of electric vehicles, the price of cobalt has more than doubled since the beginning of 2016 ; According to a study by commodity analyst CRU Group, if the current 1 billion vehicles on the road are replaced by Tesla Model X, the demand for cobalt will reach 14 million tons, twice the current global reserves .

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