Glencore cobalt deal with VW Volkswagen (FWB:VOW) is preparing to really dive into the EV market, and has a hefty goal of launching 10 new EV models in 2018. In July, major miner Glencore (LSE:GLEN) signed a key cobalt deal with a Chinese firm that will help Volkswagen secure batteries for its cars.
However, all deals aside, analysts are still questioning the security of cobalt supply. How come? The majority of cobalt is produced in the Democratic Republic of Congo (DRC), an area of the world known for political turbulence. Are there any alternatives that can meet this growing demand? In the rest of this article, analysts and CEOs weigh in about whether there are viable options outside the DRC.
From Teledyne ,cobalt,Canada