Supply Chain Dynamics and Challenges in the Cobalt Market
The cobalt supply chain is complex and geographically concentrated, with significant production coming from the Democratic Republic of Congo (DRC). This concentration presents challenges and opportunities.
Key Supply Chain Points:
DRC supplies about 70% of global cobalt
Ethical and environmental concerns over mining practices
Growing investments in cobalt recycling and alternative sourcing
Market Trends:
Increasing transparency and traceability demands
Strategic stockpiling by governments and manufacturers
Technological advances in refining and processing
Marketing Angle: Position your company as an ethical, transparent supplier to meet the demands of ESG-conscious buyers
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