Cobalt Supply

  • 60% of cobalt sourced from the DRC
  • China is the main refiner of cobalt , buying from ethical and conflict zones, controlling over 40% of the worlds refining capacity
  • Unethical practices are not compatible with the values of large conglomerates such as Apple, Samsung, BMW, Tesla; will need to clean up their supply chain
  • Due to changes in supply characteristics more cobalt producers have emerged in Australia, Brazil, Cuba, Russian, Canada with significant cobalt containing nickel and copper deposits entering the market