Australian Miner Advances Plans for Domestic Cobalt Supply Chain Outside of Africa and China

‘The global cobalt supply is heavily concentrated, with China controlling around 85 percent of refined capacity,’ said Heath Porteous of Cobalt Blue.

Chunks of raw cobalt move along a conveyor belt after initial processing at a plant before being exported, mainly to China, for refining in Lubumbashi, Democratic Republic of the Congo (DRC), on Feb. 16, 2018. The DRC is the world’s leading source of mined cobalt. Samir Tounsi/AFP via Getty Images

Cobalt Blue is positive about the prospects of Australia developing its own critical mineral supply chains outside of China and Africa.