In fact, in 2016 global sales of EVs rose by 63 per cent in the third quarter, compared to the same period the year before. There is no disputing that the cobalt market has engaged the interest of financiers and stakeholders, not just for EVs but also for other smart technologies and next-generation devices across various industries. This includes the development of industrial and home grid energy storage systems, military drones and the batteries that power them.
While cobalt may have traditionally been used for its pigment, by comparing the properties of cobalt-containing materials, design engineers and original equipment manufacturers can widen the scope of their uses and applications. Doing so will help create the next generation of smart technologies and applications.
Design engineers can use Matmatch’s free online database to view the chemical and physical properties of materials and to source the right material for their product. The database includes several cobalt suppliers and new materials are added regularly.
About the author:
Ben Stafford is Materials Science Expert at online materials search engine Matmatch - www.matmatch.com