Cobalt upstarts eye Glencore's turf in electric car market
Melbourne
THE race is on to supply more of the cobalt needed for batteries in the fast-growing market for electric vehicles - and that means fresh competition for the big players Glencore plc and the Democratic Republic of Congo.
A pipeline of projects is looming in places including Australia, the US and Canada after cobalt prices more than doubled in the past year. Glencore produces almost a third of the world's supply, mainly from the Congo, which is by far the biggest source, accounting for as much as 65 per cent.
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