Modelling the global primary extraction, supply, price and depletion of the extractable geological resources using the COBALT model.

Summary, in English

The global supply of cobalt was simulated by combining 3 different system dynamics models; BRONZE, PGM and STEEL. The present use of cobalt shows a low degree of recycling and systemic losses are significant. The reserves of cobalt are not very large (20-25 million ton extractable) as compared to metals like copper, zinc or iron, and after 2170 cobalt will have run out under a business-as-usual scenario. The present business-as-usual for cobalt use in society is in no way sustainable

• Author: Deniz Koca; Harald Sverdrup; Kristin Vala Ragnarsdottir
• Department/s: Centre for Environmental and Climate Science (CEC)
• Publishing year: 2015-10-11
• Language: English
• Links: https://www.wrforum.org/ss16-circular-economy-and-decoupling/
• Document type: Conference paper: abstract
• Status: Published