Congo’s Cobalt Mines: The Real Truth.
In the era of electric vehicles, cobalt is the new oil. This mineral, cobalt, which apparently had zero use before the 2000s is now the key component in manufacturing lithium-ion batteries which are used by smartphones and electric cars. The demand for cobalt is increasing as more electric cars are sold, particularly in Europe because the European governments are encouraging the sales as they have generous environmental bonuses. Recent projections by the World Economic Forum’s Global Battery Alliance show that the demand for cobalt for use in batteries will grow fourfold by 2030 as a result of this electric vehicle boom.
Cobalt is found basically all across the world from North America to Southeast Asia and Australia.
So why is the Democratic Republic of Congo the center of attention when it comes to this mineral?
Well, that’s probably because the DRC has the largest deposits of cobalt in the world. It is estimated that 70 percent of all the cobalt in the entire world is found in the D.R.C. This is equivalent to 3.5 million metric tonnes of cobalt, a behemoth amount of cobalt. The Democratic Republic of Congo is a Central African country. It is Africa’s second-largest country by area, after Algeria. The Democratic Republic of the Congo is the world’s most populous officially Francophone country, with a population of roughly 92 million people.
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