How does cobalt mining affect the environment? Blasting and electricity consumption in cobalt mining is damaging to the environment. Eutrophication and global warming are the most affected impact categories. Carbon dioxide and nitrogen dioxide emission are highest from cobalt mining.
Who controls cobalt? However, Cobalt is a unique commodity because it’s primarily controlled by only two countries: China and the Democratic Republic of Congo. The DRC supplies about 70 percent of the world’s Cobalt, but 80% of its industrial cobalt mines are owned or financed by Chinese companies.
Are we running out of cobalt? More than 70% of the world’s cobalt is produced in the Democratic Republic of Congo, and any nation that produces electronics wants in on that source. But based on operational mines and projected demand, forecasters predict that supply won’t be able to keep up with demand by 2030, or even as early as 2025.
Why does the Congo have so much cobalt? These days, most of the cobalt in southern Congo comes from industrial mines, which are largely owned by Chinese companies.