Why is cobalt important in clean energy? Cobalt plays an important role in renewable biogas technology. Biogas is a methane-based energy carrier and is widely used for delocalised electricity and heat production or as a renewable replacement for natural gas.
Who owns Congo cobalt mines? 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.
Where does China get 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.
How much of the world’s cobalt comes from the Congo? Beneath Congo’s rich red earth lies the world’s largest known deposit of cobalt, a key metal in the lithium-ion batteries that power everything from smartphones to electric vehicles. Last year, Congo supplied about 70 per cent of the world’s cobalt, dwarfing its closest competitors, Australia and Russia.