Lithium-Cobalt Batteries: Powering the Electric Vehicle Revolution - Visual Capitalist
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Lithium-Cobalt Batteries: Powering the Electric Vehicle Revolution

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The following content is sponsored by Fuse Cobalt.

Lithium-cobalt batteries in electric vehicles

Lithium-Cobalt Batteries: Powering the EV Revolution

Countries across the globe are working towards a greener future and electric vehicles (EVs) are a key piece of the puzzle.

In fact, the EV revolution is well underway, rising from 17,000 electric cars in 2010 to 7.2 million in 2019—a 423x increase in less than a decade. At the same time, we often take for granted the variety of materials that make modern technology work. Going electric requires the use of strategic minerals, especially cobalt.

Today’s infographic comes to us from Fuse Cobalt and looks into how the cobalt in lithium batteries makes the difference for powerful and reliable battery technology.

Edging Over the Competition: The Lithium-Cobalt Combination

There are five primary lithium battery combinations for EVs, each with pros and cons:

  • Lithium Nickel Cobalt Aluminum (NCA)
  • Lithium Nickel Manganese Cobalt (NMC)
  • Lithium Manganese Oxide (LMO)
  • Lithium Titanate (LTO)
  • Lithium Iron Phosphate (LFP)

From the plethora of lithium-ion battery compositions, EV manufacturers prefer the lithium-cobalt combination. As a result, NCA and NMC batteries are the most prevalent in EVs.

NCA batteriesNMC batteries
Offer high specific energy and power
Allow EVs to travel farther
Offer a similar caliber of performance
Use less cobalt, making them less expensive
More prone to overheating
Use more cobalt, making them more expensive
Higher overall safety
Commonly found in Tesla EVsCommonly found in Nissan, Chevrolet, and BMW EVs

The low energy density and power of the other batteries make them impractical for long-range EVs—and it’s partially due to the lack of cobalt.

Why Lithium-Cobalt?

When it comes to powering EVs, lithium-cobalt batteries are unmatched. Specific properties of cobalt make them stand out from the rest:

  • High energy density
  • Thermal stability
  • High specific power
  • Low self-discharge rate
  • Low weight
  • Recyclability

Not only do lithium-cobalt batteries allow EVs to travel farther, but they also improve safety and sustainability.

Cobalt: The Stable Battery Element

Cobalt’s high energy density allows batteries to pack more energy in smaller spaces, making them lightweight and powerful at the same time. In addition, its ability to withstand high temperatures increases the safety and reliability of EVs.

Furthermore, cobalt increases the longevity of batteries and remains highly recyclable, promoting a more sustainable battery supply chain.

Despite its advantages, EV manufacturers are making efforts to reduce the cobalt content of their batteries for various reasons associated with its supply chain:

  • Cobalt is a by-product of nickel and copper mining, which makes it harder to obtain.
  • Cobalt is expensive, at US$33,000/tonne—more than twice the price of nickel.
  • The general public associates cobalt mining in the Congo with child labor, tough conditions, and corruption.

Although cobalt may be associated with unethical mining practices, it still remains essential to EV manufacturers—as demonstrated by Tesla’s agreement to buy 6,000 tonnes of cobalt annually from mining giant Glencore.

Combating Cobalt’s Ethical Concerns

EV manufacturers and miners have joined forces with organizations that are making efforts to alleviate the ethical issues associated with cobalt mining. These include:

  • Fair Cobalt Alliance
  • Responsible Minerals Initiative
  • Responsible Cobalt Initiative
  • Clean Cobalt Initiative

As these initiatives progress, we may see a future with ethically mined cobalt in EV batteries, including cobalt mined in more jurisdictions outside of the DRC.

For the time being, it’s interesting to see how lithium-cobalt batteries power up an EV.

Breaking Down a Lithium-Cobalt Battery

Lithium-Cobalt batteries have three key components:

  • The cathode is an electrode that carries a positive charge, and is made of lithium metal oxide combinations of cobalt, nickel, manganese, iron, and aluminum.
  • The anode is an electrode that carries a negative charge, usually made of graphite.
  • The electrolyte is a lithium salt in liquid or gel form, and allows the ions to flow from the cathode to the anode (and vice versa).

How it Works

When the battery is charged, lithium ions flow via the electrolyte from the cathode to the anode, where they are stored for usage. Simultaneously, electrons pass through an external circuit and are collected in the anode through a negative current collector.

When the battery is generating an electric current (i.e. discharging), the ions flow via the electrolyte from the anode to the cathode, and the electrons reverse direction along the external circuit, powering up the EV.

The composition of the cathode largely determines battery performance. For EV batteries, this is where the lithium-cobalt combination plays a crucial role.

The EV market could experience colossal growth over the next decade, but it faces several roadblocks. At present, EV charging infrastructure is expensive and not as convenient as the local gas station—and lithium-cobalt batteries could help overcome this obstacle.

Battery Storage: The Future of EV Charging Stations?

There are the two ways to charge an electric vehicle battery:

  1. Alternating Current (AC) chargers provide an alternating current, which periodically reverses direction.
  2. Direct Current (DC) fast chargers provide direct current that moves only in one direction.

But there’s a catch.

EV batteries can only store energy in the form of direct current. To charge an EV battery, the onboard charger must convert the alternating current from AC chargers into direct current, increasing charging times substantially.

Today, EV chargers are available in three different types:

Type of ChargerDescriptionMax energy drawn per hourCharge time
(60-kWH EV battery)
Alternating Current (AC) Level 1Charge via a 120-volt AC plug
1.4kW2,400 minutes
Alternating Current (AC) Level 2Charge via a 240-volt AC plug7.2kW500 minutes
Direct Current (DC)Charge EVs rapidly, but are more expensive to install and use50-350kWRange between 10-75 minutes

Meanwhile, several roadblocks still discourage EV buyers, from the lack of charging infrastructure to long charging times.

Stationary battery storage could be the solution.

Stationary Battery Storage: Solving the EV Charging Enigma

Charged batteries can provide EVs with direct current without drawing power from the grid during times of high demand. This can significantly reduce the demand charges of electricity, which account for a large portion of a charging station’s electricity bill.

The highest rate of electricity usage at a particular time determines the demand charges, separate from the cost of actual energy consumed. In other words, demand charges can be astronomical at times when multiple vehicles are charged via power from the grid.

Stationary battery storage systems could be charged from the grid at times of low demand, and used to provide direct current to vehicles during times of high demand.

As a result, this could dramatically reduce charging times as well as the cost of electricity.

Enabling Stationary Battery Storage

Developing stationary battery storage systems on a large scale is expensive. Lithium-cobalt batteries could mitigate these costs through their recyclability.

Unless damaged beyond repair, recycling companies can refurbish lithium-cobalt battery packs for a second life as stationary storage systems.

Re-using batteries promotes a circular economy and reduces waste, pollution, and costs. Not only would this improve charging infrastructure, but it would also create a more sustainable supply chain for EV batteries.

Lithium-Cobalt Batteries: Here to Stay

Despite efforts to reduce the cobalt contents in batteries, the lithium-cobalt combination remains the optimal technology for EV batteries.

Growth is imminent in the EV market, and lithium-cobalt batteries could take center stage in improving both vehicle performance, and charging infrastructure.

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Oil and Gas

How Affordable is Gas in Latin America?

This graphic looks at gas affordability in Latin America, showing how much a liter of gas costs in 19 countries, relative to average incomes.

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How Affordable is Gas in Latin America?

As gas prices have risen around the world, not each region and country is impacted equally.

Globally, the average price for a liter of gas was $1.44 USD on June 13, 2022.

But the actual price at the pump, and how affordable that price is for residents, varies greatly from country to country. This is especially true in Latin America, a region widely regarded as one of the world’s most unequal regions in terms of its income and resource distribution.

Using monthly data from GlobalPetrolPrices.com as of May 2022, this graphic by Latinometrics compares gas affordability in different countries across Latin America.

Gas Affordability in 19 Different Latin American Countries

To measure gas affordability, Latinometrics took the price of a liter of gas in 19 different Latin American countries and territories, and divided those figures by each country’s average daily income, using salary data from Statista.

Out of the 19 regions included in the dataset, Venezuela has the most affordable gas on the list. In Venezuela, a liter of gas is equivalent to roughly 1.3% of the country’s average daily income.

CountryGas price as of May 2022 (USD)% of average daily income
🇳🇮 Nicaragua$1.3714.0%
​🇩🇴​ Dominican Republic$1.4112.6%
🇧🇷​ Brazil$1.4312.5%
🇵🇾​ Paraguay$1.3912.2%
🇵🇪 Peru$1.5310.2%
🇺🇾 Uruguay$1.929.8%
🇸🇻​ El Salvador$1.149.2%
​​🇭🇳​ Honduras$1.338.6%
🇲🇽​ Mexico$1.177.8%
🇬🇹​ Guatemala$1.447.7%
🇦🇷 Argentina$1.066.7%
​🇨🇱​ Chile$1.376.6%
🇨🇷​ Costa Rica$1.425.9%
🇨🇴 Colombia$0.585.7%
​🇵🇦 ​Panama$1.275.0%
🇪🇨 Ecuador$0.674.1%
🇧🇴 Bolivia$0.543.2%
🇵🇷​ Puerto Rico$1.352.2%
🇻🇪​ Venezuela$0.021.3%

This isn’t too surprising, as Venezuela is home to the largest share of proven oil reserves in the world. However, it’s worth noting that international sanctions against Venezuelan oil, largely because of political corruption, have hampered the once prosperous sector in the country.

On the other end of the spectrum, Nicaragua has the least affordable gas on the list, with one liter of gas costing 14% of the average daily income in the country.

Historically, the Nicaraguan government has not regulated gas prices in the country, but in light of the current global energy crisis triggered in large part by the Russia-Ukraine conflict, the government has stepped in to help control the situation.

As the Russia-Ukraine conflict continues with no end in sight, it’ll be interesting to see where prices are at in the next few months.

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Energy

Mapped: Which Ports are Receiving the Most Russian Fossil Fuel Shipments?

Russia’s energy exports have become a hot topic. See which ports received fossil shipments during the first 100 days of the Ukraine invasion

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As the invasion of Ukraine wears on, European countries are scrambling to find alternatives to Russian fossil fuels.

In fact, an estimated 93% of Russian oil sales to the EU are due to be eliminated by the end of the year, and many countries have seen their imports of Russian gas plummet. Despite this, Russia earned €93 billion in revenue from fossil fuel exports in the first 100 days of the invasion.

While the bulk of fossil fuels travel through Europe via pipelines, there are still a number marine shipments moving between ports. The maps below, using data from MarineTraffic.com and Datalastic, compiled by the Centre for Research on Energy and Clean Air (CREA), are a look at Russia’s fossil fuel shipments during the first 100 days of the invasion.

Russia’s Crude Oil Shipments

Much of Russia’s marine shipments of crude oil went to the Netherlands and Italy, but crude was also shipped as far away as India and South Korea.

world map showing the top ports receiving russian crude oil

India became a significant importer of Russian crude oil, buying 18% of the country’s exports (up from just 1%). From a big picture perspective, India and China now account for about half of Russia’s marine-based oil exports.

It’s important to note that a broad mix of companies were involved in shipping this oil, with some of the companies tapering their trade activity with Russia over time. Even as shipments begin to shift away from Europe though, European tankers are still doing the majority of the shipping.

Russia’s Liquefied Natural Gas Shipments

Unlike the gas that flows along the many pipeline routes traversing Europe, liquefied natural gas (LNG) is cooled down to a liquid form for ease and safety of transport by sea. Below, we can see that shipments went to a variety of destinations in Europe and Asia.

world map showing the top ports that received Russian liquefied natural gas

Fluxys terminals in France and Belgium stand out as the main destinations for Russian LNG deliveries.

Russia’s Oil Product Shipments

For crude oil tankers and LNG tankers, the type of cargo is known. For this dataset, CREA assumed that oil products tankers and oil/chemical tankers were carrying oil products.

world map showing the top ports that received Russian oil product shipments

Huge ports in Rotterdam and Antwerp, which house major refineries, were the destination for many of these oil products. Some shipments also went to destinations around the Mediterranean as well.

All of the top ports in this category were located within the vicinity of Europe.

Russia’s Coal Shipments

Finally, we look at marine-based coal shipments from Russia. For this category, CREA identified 25 “coal export terminals” within Russian ports. These are specific port locations that are associated with loading coal, so when a vessel takes on cargo at one of these locations, it is assumed that the shipment is a coal shipment.

world map showing the top ports that received Russian coal shipments

The European Union has proposed a Russian coal ban that is expected to take effect in August. While this may seem like a slow reaction, it’s one example of how the invasion of Ukraine is throwing large-scale, complex supply chains into disarray.

With such a heavy reliance on Russian fossil fuels, the EU will be have a busy year trying to secure substitute fuels – particularly if the conflict in Ukraine continues to drag on.

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