#Cobalt: Are You Ready for the Blue Gold Rush?
The rising cost of #Cobalt is pushing companies to find ways to reduce reliance on the mineral. However, getting to a point where batteries do not need a lot of cobalt is between five and 10 years away, so the window for upside is there. Mining companies certainly seem to think so, anyway: miners in #Europe, North #America, and #Asia are starting to chip away at the hegemony of #Chinese and Congolese cobalt. While #China leads the world as a refined cobalt producer, the DMC supplies 60% of global cobalt.