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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

It’s expected that market demand for the metal will increase to more than 120,000 tonnes per year by 2020 — 60% of which will account for battery production alone. The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 A cobalt mine in the Democratic Republic of Congo. million metric tons.

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An update on copper

Resilinc

Because copper is especially sensitive to global economic expectations, copper prices are currently 30% below the highs they reached in H1 2021 and at their lowest levels since November 2020, according to WSJ. Mining Technology’s Zachary Skidmore lists a broader set of solutions to “alleviate the pressure on the [copper] supply chain.”

article thumbnail

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

It’s expected that market demand for the metal will increase to more than 120,000 tonnes per year by 2020 — 60% of which will account for battery production alone. The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 A cobalt mine in the Democratic Republic of Congo. million metric tons.