EGC, EVelution Energy and Trafigura Sign MoU to Secure Congolese Cobalt Supply Chain to the US
Trafigura, EGC and EVelution Energy agree cobalt supply deal to boost US battery and defense material supply chain Entreprise Générale du Cobalt (EGC), EVelution Energy, and commodity trader Trafigura have signed a memorandum of understanding (MoU) to establish a long-term supply framework for Congolese cobalt hydroxide exports to the United States. Under the proposed arrangement, and subject to definitive agreements, the partnership is expected to support EVelution Energy in supplying up to around 40% of projected US cobalt demand, according to Trafigura. The cobalt hydroxide would be sourced by EGC…
Read More Here
