Many people shy away from investing in Lithium-ion because of the ethical and environmental costs of mining cobalt. While many Lithium-ion batteries in everyday tech use cobalt, the truth is that not all Lithium-ion batteries are made with cobalt. In fact, battery chemistry is quickly surpassing NMC (Nickel Manganese Cobalt) in popularity and performance for industrial equipment.
Many people shy away from investing in Lithium-ion because of the ethical and environmental costs of mining cobalt. While many Lithium-ion batteries in everyday tech use cobalt, the truth is that not all Lithium-ion batteries are made with cobalt. In fact, battery chemistry is quickly surpassing NMC (Nickel Manganese Cobalt) in popularity and performance for industrial equipment.