article thumbnail

4 Crucial Commodities to Watch in 2023

Resilinc

Presently, The Democratic Republic of Congo (DRC) is the top producer of cobalt—making 71% of the world’s supply. This means in order to meet the growing demand, lithium production must increase from 737,000 metric tons to more than 3 million tons by 2030 ( Washington Post ). customs have been categorized as electronics.

Chile 62
article thumbnail

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

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 million metric tons (or 60% of the world’s supply). million metric tons. Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining.

article thumbnail

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

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 million metric tons (or 60% of the world’s supply). million metric tons. Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining.