Cobalt supply at risk

The global supply chain of cobalt is the most at risk among the critical materials needed for the energy transition, a recent report by market intelligence provider Project Blue shows.According to the firm’s Critical Materials Risk Index 2022, cobalt scored highly in terms of supply risk due to several reasons, the main one being that it is extracted mostly as a by-product and that most mines and refineries are concentrated in the Democratic Republic of Congo and China, respectively, with the bulk of the supply coming from a small number of consolidated producers. SIGN UP FOR THE BATTERY METALS DIGESTSIGN UPCobalt leads the index also because its extraction is linked to ongoing social issues in Central Africa, which raises ESG concerns among battery makers as the metal plays a key role in lithium-ion batteries, aerospace, and other critical applications. QUOTE
COB ticks all the boxes being a rare primary resource that has strong ESG credentials IMO

https://www.mining.com/cobalt-tops-critical-materials-risk-index/