Artisanal cobalt produced in the Democratic Republic of Congo and formalized by the Entreprise G?(C)n?(C)rale du Cobalt (EGC) can help fill a supply deficit created in the uptake of electric vehicles (EVs), according to EGC chief executive officer Jean-Dominique Takis.
"We are all aware that the increase in demand for cobalt is directly linked to energy transition... We do not expect a substantial increase in [cobalt] production in the short term [so] formalizing the artisanal cobalt sector will help to bridge the gap from increasing demand for cobalt from renewable energy technology manufacturers," Takis said at a launch event for EGC last week.EGC was established in 2019 and is a 95% subsidiary of the...