Growing Cobalt Industry Looks to Escape Reliance on DRC
Retrieved on:
Tuesday, May 22, 2018
The processing of cobalt is dominated by China, which produces 80 percent of the cobalt mineral used in lithium-ion batteries.
Key Points:
- The processing of cobalt is dominated by China, which produces 80 percent of the cobalt mineral used in lithium-ion batteries.
- A North American mining company, First Cobalt is set on diversifying its sources of cobalt production.
- Cobalt is often found in the ground alongside other minerals in these abandoned claims, and former exploitation has left the cobalt exposed.
- The merger takes First Cobalt from a cobalt explorer to a vertically integrated cobalt solution, with potential to cover the mining, refining and sale of cobalt in the growing North American battery market.