As the world transitions to electric vehicles, the DRC's cobalt reserves have become a strategic asset of global importance. The country produces over 70% of the world's cobalt supply, making it indispensable to the EV revolution.
Global Demand Projections:
Cobalt demand expected to triple by 2030EV battery production requires 8-15 kg of cobalt per vehicleGlobal EV sales projected to reach 40 million units annually by 2030DRC's Position:
3.5 million tonnes of known cobalt reservesAnnual production: ~130,000 tonnes (2025)Major mining operations: Mutanda, Kamoto, Tenke FungurumeGrowing artisanal mining sector (15-20% of production)Investment Opportunities in the Cobalt Value Chain:
**Mining Operations**: Both industrial and formalized artisanal mining**Processing & Refining**: Currently 80%+ of DRC cobalt is exported raw to China for processing. Building local processing capacity is a government priority.**Battery Manufacturing**: The DRC government has announced plans for a battery precursor manufacturing facility**Supply Chain Technology**: Blockchain-based traceability, conflict-free certification**Recycling Technology**: End-of-life battery recycling facilitiesMajor companies sourcing from DRC include Tesla, BMW, Samsung SDI, and LG Energy Solution. The US critical minerals agreement has opened new pathways for Western companies to invest directly.
