Lithium and cobalt face divergent futures

LITHIUM and cobalt have both benefited from the battery boom, but McKinsey & Company says the two one-time minor metals could face different futures.

Lithium and cobalt face divergent futures Lithium and cobalt face divergent futures Lithium and cobalt face divergent futures Lithium and cobalt face divergent futures Lithium and cobalt face divergent futures

Image: iStock/Vefimov

Under McKinsey's base case, electric vehicles will comprise 13% of all vehicles by 2025 and 22% by 2030.

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