Accelerated shift towards greener transportation solutions driven by government policies and regulations focusing on curbing emissions is one of the major trends shaping the cobalt oxalate market. As electric vehicles rely on lithium-ion batteries for power, their increased adoption translates to higher cobalt oxalate consumption. Most automakers now have ambitious EV production targets over the next decade to transition to electric fleets. This is creating robust opportunities for cobalt oxalate suppliers and manufacturers to tap into the burgeoning EV industry.
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6 hours ago