The Democratic Republic of the Congo is the world's largest producer of cobalt, a critical component in the production of batteries for electric vehicles and other electronics. Cobalt's unique properties, such as high energy density and thermal stability, make it indispensable in the tech industry.
Market Value: As of August 2024, the price of cobalt is approximately $24,300 per metric ton
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Their uses include:
The DRC's cobalt is known for its high quality and abundant supply, making it a reliable source for industries worldwide. By sourcing cobalt from the DRC, companies can ensure they are getting a premium product that meets the highest standards.
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