Electric Trolley Industry Will Increase by 10% Demand for Cobalt

The growing electric cart industry will raise the demand for cobalt, which is essential for the manufacture of lithium-ion batteries, by 10 per cent, and whose main reserves are in the Democratic Republic of the Congo (DRC). The Cobalt Institute, which brings together manufacturers in the sector, indicates that world demand could reach 227,000 tons, 11 per cent more than in 2024. Congo, currently mired in war, accounts for almost 75 per cent of …