While the ASM sector has grown, its progress in improving and bringing the sector under effective regulatory control has lagged behind.
Increasing momentum in achieving transparency in global EV supply chains is paramount at a time when growth in global cobalt demand continues to grow.
All eyes are on the DRC. It already accounts for 63% of global cobalt production and the potential to increase this number is significant.
The potential of the sector in inducing economic development has always been a lure to proponents of enhanced broad-based development.
More than 70% of the global production of cobalt takes place in the DRC, of which 15% – 30% comes artisanal and small-scale mines.
Health and safety
Mining communities in South Africa are among those who have been disproportionally impacted by the Covid-19 pandemic.
Volkswagen has joined the “Cobalt for Development” initiative and is thus supporting efforts to minimize these risks.
"Looking ahead, collaboration between government, civil society and the private sector will play an important role in helping African economies and supply chains rebuild."