Cobalt is vital in producing high-performance batteries.
Its ability to increase the energy density and lifespan of lithium-ion batteries makes it indispensable in electric vehicles and portable electronic devices.
Despite efforts to reduce its use due to sourcing concerns, cobalt remains a key element in battery technology.
Geographic Locations and Challenges
Over 60% of the world’s cobalt is mined in the Democratic Republic of the Congo (DRC).
This concentration raises significant ethical and geopolitical issues, including labor practices and political instability.
Environmental concerns also surround cobalt mining, such as land degradation and water pollution.
Leading Mining Companies
Major players like Glencore and China Molybdenum are heavily involved in cobalt mining in the DRC.
Investors are increasingly looking at companies involved in ethical, sustainable cobalt mining, recognizing the importance of responsible sourcing in the battery supply chain.
A Call to Action
For more insights into cobalt’s role in the renewable energy sector and to discover investment opportunities in this essential metal, explore our in-depth articles and analysis.
Learn how cobalt is shaping the future of energy storage and the potential it holds for savvy investors.
