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4 Crucial Commodities to Watch in 2023

Resilinc

Due to electric vehicle (EV) production, demand for cobalt is expected to increase 293% by 2025. Presently, The Democratic Republic of Congo (DRC) is the top producer of cobalt—making 71% of the world’s supply. Now, the leading use of cobalt is rechargeable battery electrodes. Companies are also looking to make a change.

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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. Demand Intensifies.

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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. Demand Intensifies.