COBALT ▪ Cobalt is a critical component in lithium-ion batteries, which are used in a wide range of devices, including smartphones, laptops, and electric vehicles. ▪ Its ability to enhance battery life and energy density makes it highly valuable in this industry. Required for magnets in wind turbines, electric vehicles and most consumer electronics ▪ Cobalt is a valuable material recovered during the recycling of used batteries. This process helps in reducing the need for new cobalt mining and supports the sustainable supply chain for battery production. 32
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