The state cobalt agency in Democratic Republic of Congo has produced its first 1,000 metric tons of traceable artisanal cobalt, a key step in formalizing the sector in a country that supplies much of the world's battery metal.
Breakdown
- Congo produced its first 1,000 metric tons of traceable artisanal cobalt, marking a step toward formalizing the sector.
- State-owned EGC aims to transform artisanal cobalt into a strategic asset and improve miners' pay and conditions. 19s
- Congo holds about 72% of global cobalt reserves and supplies over 74% of the world's cobalt, much from informal mines. 52s
- Global demand for cobalt is projected to rise 40% by 2030, increasing pressure for ethical sourcing. 1m 22s
- Congo introduced export quotas to support prices after a ban, with cobalt prices more than doubling this year. 1m 58s