31.4 C
Belgrade
Supported byspot_img
spot_img

Cobalt Production: DRC Leads Africa, China Dominates Refining Market

Member of Europium Groupspot_img
Supported byspot_img

According to the Cobalt Institute study, the Democratic Republic of Congo (DRC) has emerged as Africa’s top cobalt-producing country, accounting for over 70% of the global supply in 2022.

The study reveals that other African nations also made it onto the ranking. Madagascar secured the second spot, surpassing Morocco, which hosts Africa’s sole cobalt-exclusive mine.

Zambia and South Africa complete the African top five, as cobalt production in these countries is a by-product of mining activities focused on metals like copper and nickel.

Supported by

When it comes to cobalt refining, China dominates the global market, contributing to 76% of the total refined production in 2022, up from 74% in the previous year.

Despite being the leader in mining production, the DRC ranks 7th globally in cobalt refining, accounting for only 1% of the total supply. Madagascar surpasses the DRC with a 2% share, while Morocco follows closely with 1%.

 

Source: Battery Metals Africa

Supported byElevatePR Digital

Related News

JPMC partners with Waterise for innovative deep sea desalination project in Gulf of Aqaba, Jordan

Jordan Phosphates Mines Company (JPMC), a major global producer of phosphate and phosphate-based fertilizers, has entered into a strategic partnership with Waterise, a pioneering...

EU strengthens critical mineral partnerships with DRC and Zambia to enhance supply chain resilience

In October 2023, at the Global Gateway Forum in Brussels, the European Union (EU) Commission made significant strides in securing its critical raw materials...

Escalating human rights concerns amid growing demand for critical minerals in clean energy supply chains

As the world accelerates the deployment of clean energy technologies, the demand for critical minerals used in these technologies has surged. However, new data...

Kyrgyzstan’s uranium mining resumption sparks fears of environmental disaster

Environmental activists in Kyrgyzstan are raising alarms over the potential for a disaster following the parliament’s decision to lift a five-year ban on uranium...
Supported by
Supported by
Supported by
error: Content is protected !!