China Leaving West behind in race for EV raw materials
China is first out of the blocks in the global race to secure raw material supplies critical for the batteries that will power the electric vehicles of the future.
Read MoreChina is first out of the blocks in the global race to secure raw material supplies critical for the batteries that will power the electric vehicles of the future.
Read MoreCongo-Kinshasa has the world’s largest reserves of cobalt ores, representing 50%. The country also ranked first in terms of production volume of cobalt ores. Its annual production volume of cobalt maintained between 70,000 tons and 90,000 tons for the previous three years, accounting for over 70% of the global volume. The ore grade of cobalt in Congo-Kinshasa is mainly evaluated between 0.3% and 0.5%, much better than that in other places of origin. Generally, 8%-10% of local ores are for open-pit mining. It is estimated that the added global production…
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