Lithium-based chemistries became the dominant form for rechargeable batteries because lithium is the lightest metal in the world, which has obvious benefits for consumer technology and electric vehicle applications. Cobalt is used in the cathodes of lithium-ion batteries because it possesses a unique electron configuration that allows the battery to remain stable at higher energy densities throughout repeated charge-discharge cycles. Higher energy density means the battery can hold more charge, which is critical to maximize the driving range of an electric vehicle between charges.

