Big Tech and Auto Battle for the World’s Cobalt Resources
MARCH 27, 2018
As a finite but clearly valuable resource locked mostly in countries with difficult-to-track labor standards, cobalt’s supply chain has fallen under intense scrutiny in recent months, and companies are rushing to get their share. Companies are moving to secure as much of the resource as they can before the economic battle over it enters full swing. firm Freeport-McMoran and Eurasian Resources Group. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply.