📊Executive Summary

The article discusses the looming cobalt supply shortages that threaten the electric mobility transition, particularly for electric vehicles (EVs). Despite advancements in battery technology and recycling, the authors project an inevitable cobalt shortage between 2028 and 2033, even under optimistic scenarios. The uneven distribution of cobalt mining, with 70% of production from the Democratic Republic of Congo and 67% of refining in China, raises significant concerns for procurement teams in the automotive and energy sectors. The findings underscore the urgency for companies to secure cobalt supplies and explore alternative materials to mitigate risks associated with cobalt dependency....