Big Tech and Auto Battle for the World’s Cobalt Resources
MARCH 27, 2018
The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. A cobalt mine in the Democratic Republic of Congo. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply.