31 May '17, 6pm

Shortage of Ethically Sourced Cobalt from Congo Causes Trouble for GE, Apple,

Major manufacturers like Tesla and General Electric are facing a severe shortage of ethically sourced cobalt , and the metal is expected to increase in demand by 500%, says OilPrice.com. Amazon, too, needs the metal for its Kindle, and other consumer electronics are contributing to the demand and resulting shortage of supply. Tesla’s run on cobalt will be phenomenal on its own: the battery industry uses 42% of global cobalt production, while the rest is used in industrial and military applications, and all are competing for supply. Apple is another company that could suffer from a cobalt shortage. Still, in April Apple stopped buying cobalt mined by hand in Congo following reports of child labor and dangerous work conditions there. Currently, more than half of the world’s supply of cobalt comes from the Democratic Republic of Congo (DRC). Use of child workers in appalling ...

Full article: https://www.environmentalleader.com/2017/05/shortage-ethi...

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