5G technology to boost demand for cobalt, expected to reach 73,000 tonnes by 2025
According to analysts, 5G technology will be one of the main consumers of cobalt within five years, with demand expected to drop from 45,000 tonnes this year to 73,000 tonnes in 2025, reports Agence Ecofin, which relayed Reuters. 5G could become the number one consumer of cobalt over the years, supplanting the electric vehicle sector which currently occupies the largest share of the global market. Indeed, the antenna of 5G stations requires rechargeable batteries more powerful, able to accumulate enough energy to allow its operation. In addition, the batteries used in…
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