New DR Congo state buyer seeks cobalt price power
New DR Congo state buyer seeks cobalt price power Bloomberg The Democratic Republic of the Congo (DR Congo), the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. While it is dominated by huge industrial mines, about one-fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions. Jean-Dominique Takis Kumbo, the head of the new state cobalt buyer, is determined to change that. His Entreprise Generale du Cobalt (EGC) is to have a monopoly on all hand-dug cobalt in the central African country, giving it power to im...
Source: taipeitimes.com