30/06/2026
AI, EVs, and Energy Storage Drive the Next Wave of Cobalt Demand
At ICM 2026, Dinah McLeod, Director General of the Cobalt Institute, highlighted the growing demand outlook for cobalt across multiple industries.
According to the session, global cobalt demand increased by 15% year-on-year in 2025, driven not only by electric vehicles and portable electronics, but also by the rapid expansion of AI infrastructure and energy storage systems. As more data centers are built to support AI applications, demand for battery materials continues to grow.
Combined with ongoing production controls in the Democratic Republic of the Congo (DRC), rising demand is expected to further tighten the global cobalt market in the years ahead.
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