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Maroc Maroc - WN.COM - World - 13/May 20:37

EVelution secures Congo cobalt pathway

EVelution Energy has moved closer to anchoring a domestic US cobalt supply chain after signing a memorandum of understanding with Democratic Republic of Congo’s state cobalt buyer and Trafigura for long-term shipments of cobalt hydroxide to its planned Arizona refinery. The agreement brings together EVelution Energy, Entreprise Générale du Cobalt and Trafigura in a framework that could channel Congolese cobalt to the United States for processing into battery-grade cobalt sulphate or alloy-grade cobalt metal. The material is intended for sectors including electric vehicle batteries, aerospace, defence systems and other advanced manufacturing industries, where Washington is seeking to cut...

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