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Cobalt Mining: The Human Cost Behind Your EV & Smartphone Batteries

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Algo Research Team

Industry | Aug 31, 2024 | Views: 38

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Key Summary:

  • Congo controls world cobalt reserve, big tech companies have high demand
  • Cobalt increases in-line with rising EV adoption
  • Child labor overworked and dangerous working conditions.

Big Tech companies have high demand for cobalt. The Democratic Republic of Congo (DRC) controls over half of the world’s cobalt reserves, a mineral essential for electric vehicles and electronics. But beneath this wealth lies a dark reality.



Increasing demand: Cobalt is important for EV batteries. The demand for battery will be three times in 2030 as demand for cobalt increases in-line with rising EV adoption, the need for ethical sourcing and accountability in supply chains becomes more urgent. 

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