Ivanhoe Mines executive says DRC cobalt bubble will burst
Democratic Republic of Congo’s Chamber of Mines President Louis Watum predicts the cobalt bubble will burst with the rise of new battery technology The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo. Democratic Republic of Congo is home to more than half the world’s cobalt resources Congo holds more than half the world’s cobalt reserves, but the market’s negative perception of the central African…
Read More Here