Volkswagen has joined the “Cobalt for Development” initiative and is thus supporting efforts to minimize these risks.
"There is a lot of Investment money floating around looking for a home, and looking for risk on which it can be rewarded."
“The mining sector is a great industry for disruption and has the power and motivation to showcase the true value of electric vehicles."
While the COVID-19 pandemic has caused financial disarray on a global scale, there is a silver lining for some commodities mined in the DRC.
Electromobility reveals copper will play instrumental role in charging infrastructure, storage, and production of electric vehicles (EVs).
Renewable power generation is also copper - hungry and on the rise as countries seek to meet Net Zero commitments and more sustainable operations.
“Existing and would-be nickel producers are being drawn to the possibility of manufacturing sulphate to benefit from perceived premiums."