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Market Brief

Illegal Cobalt Mining a Problem in DRC, an Industrial Info Market Brief

The Democratic Republic of Congo (DRC) is home to two-thirds of the world's cobalt reserves. Its usage in recent years in lithium-ion batteries for computers, smartphones and electric vehicles has rapidly increased the global demand. This sharp rise in demand posed many challenges to the DRC, the biggest of which is illegal mining, which is not easy for the regulators to tame. Miners and the government are hoping to deal with this threat with strict actions and improve the condition in coming years. Industrial Info Resources is tracking cobalt mining projects in the DRC worth $774 million. Click here for a list a see graph below for spending by county.

Released Monday, March 02, 2020

Illegal Cobalt Mining a Problem in DRC, an Industrial Info Market Brief
The Democratic Republic of Congo (DRC) is home to two-thirds of the world's cobalt reserves. Its usage in recent years in lithium-ion batteries for computers, smartphones and electric vehicles has rapidly increased the global demand. This sharp rise in demand posed many challenges to the DRC, the biggest of which is illegal mining, which is not easy for the regulators to tame. Miners and the government are hoping to deal with this threat with strict actions and improve the condition in coming years. Industrial Info Resources is tracking cobalt mining projects in the DRC worth $774 million. Click here for a list a see graph below for spending by county.
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