Shift to Green Economy to Boost Price and Demand of Cobalt| MENAFN.COM

Monday, 24 January 2022 02:59 GMT

Shift to Green Economy to Boost Price and Demand of Cobalt


(MENAFN- Investor Brand Network)

The latest report released by Fitch Solution highlights that the international supply chain for cobalt will remain concentrated in DRC and China. The Democratic Republic of Congo produces more than 70% of the world's cobalt while China is the biggest refiner of the metal. This, the market analyst firm says, may create procurement issues for battery manufacturing companies.

Despite this, the analyst firm expects the international cobalt industry to grow considerably as the countries around the globe shift to the green economy, given that…

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