Where does US get cobalt? U.S. cobalt imports
The largest cobalt deposits are found in the DR Congo, Australia, and Cuba. Cobalt is primarily produced in the DR Congo, which produced 120,000 metric tons in 2021, in comparison to Russia’s total production of 7,600 metric tons. This metal is commonly produced as a by-product of nickel mining.
Why did Freeport Mcmoran need to sell its most prized Tenke Fungurume mine after investing billions of dollars of money in the mine? The Phoenix, Arizona-based miner needed to sell $3 billion of assets by mid-year to keep its debt unsecured. “It is a good price for the asset and it significantly improves their liquidity and their balance sheet,” Jefferies analyst Christopher LaFemina said.
How is clean energy related to climate change? In any discussion about climate change, renewable energy usually tops the list of changes the world can implement to stave off the worst effects of rising temperatures. That’s because renewable energy sources such as solar and wind don’t emit carbon dioxide and other greenhouse gases that contribute to global warming.
Where does China get its cobalt? First, we find that China’s foreign cobalt ownership is predominantly in the Democratic Republic of the Congo, the largest source of cobalt mine and intermediate imports for China’s growing cobalt refinery industry.