US Firm Building Cobalt Refinery Signs Congo Supply Agreement The news of a US firm building a cobalt refinery in the Democratic Republic of Congo (DRC) marks a significant development in the global cobalt market.
This project aims to extract and process cobalt from DRC's vast mineral resources, addressing the chronic shortage of this crucial metal.
The Cobalt Shortage Cobalt is a key component in lithium ion batteries, powering everything from smartphones to electric vehicles.