Market assessment of cobalt: Identification and evaluation of supply risk patterns

Alexandre Piçarra, Irvine R. Annesley, Akira Otsuki and Robbert de Waard

Resources Policy, 2021, vol. 73, issue C

Abstract: Since the 1950s all through the 1670s there has been a considerable economic growth of the least developed and devolving countries nowadays. The world will certainly demand more raw materials to sustain this growth, and therefore their supply will need proper adjustments to keep the material market stable. The possibility of supply shortage has been a growing agenda of developed countries (i.e., the member states of the EU). This article discussed the case of cobalt, by using the German Federal Institute for Geosciences and Natural Resources and Volkswagen (BGR-VW) method to analyze historical developments, with the primary goal of the identification and thus quantification of long term supply risks. This study examined past scenarios that shifted the demand and supply behavior of the cobalt market. Several indicators were calculated and classified according to their potential effect on the supply risk of cobalt. By using the assessment presented in this article, industries and other parties with interests in the cobalt market can more accurately judge the future and current risks in the demand and supply of cobalt.

Keywords: Cobalt; Market analysis; BGR-VW method; Resource availability; Electric vehicles; Lithium-ion batteries (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420721002208
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:73:y:2021:i:c:s0301420721002208

DOI: 10.1016/j.resourpol.2021.102206

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().