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US releases signed MOU with Congo and Zambia to strengthen EV battery value chain

Green Car Congress

Through this MOU, the United States will support the commitment between the Democratic Republic of Congo (DRC) and Zambia to develop jointly a supply chain for electric vehicle batteries. Zambia is the world’s sixth-largest copper producer, and the second largest cobalt producer in Africa.

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Scientists at KU Leuven, University of Lubumbashi reveal the health risks of cobalt mining in DR Congo

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Around 60% of the world’s cobalt supply comes from the mineral-rich Katanga Copper belt, in the Democratic Republic of the Congo. Simply banning artisanal mining in the DRC is not a good option because the industrial mines usually leave a lot to be desired as well. —Benoit Nemery.

Congo 207
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BMW Group, BASF SE, Samsung SDI and Samsung Electronics launch cross-industry project to support sustainable cobalt mining

Green Car Congress

As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. Cobalt is a key component in the production of batteries for the automotive and electronics industries.

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UN report highlights urgent need to tackle impact of EV battery production boom

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For example, two-thirds of all cobalt production happens in the Democratic Republic of the Congo (DRC). UNCTAD also recommends that the industry find ways to reduce its dependence on critical raw materials. Brazilian mine. Agência Brasil/José Cruz. Source: UN.

Battery 545
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Study finds cobalt supply can meet demand for EVs and electronics batteries through 2030

Green Car Congress

Roughly 60% of mined cobalt is sourced from the Democratic Republic of Congo (DRC). The paper is published in the ACS journal Environmental Science & Technology. The element is often recovered as a byproduct from mining copper and nickel, meaning that demand and pricing for those other metals affects the availability of cobalt.

Supplies 349
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Glencore and Britishvolt sign strategic partnership for long-term supply of cobalt; Glencore investment

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Glencore produces cobalt mainly as a by-product of copper mining in the Democratic Republic of Congo (DRC), but also as a by-product of nickel mining in Australia and Canada. Glencore is one of the world’s leading producers of cobalt; in 2020, Glencore produced 27.4 kt of cobalt at its assets.

Supplies 305
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Benchhmark report: cobalt’s price rises highlight shift to battery-driven pricing dynamics

Green Car Congress

While cobalt prices have shown positive signs of late, there are nuances within the market which highlight the key fundamentals that will likely decide cobalt’s future price trend—which is taking its cues less and less from the industrial metal supply chain, according to a new report from Benchmark Mineral Intelligence.

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