LME Cobalt inventory is 280 tonnes, about the. The DRC has the world’s largest reserves of cobalt and the seventh largest reserves of copper, Amnesty International said in its report. As of September 20, the cobalt spot price was slightly higher at US24.04/lb, from US23.58/lb last month. These batteries are used for devices such as electric cars and mobile phones. About 250km from Townsville, Sconi has a resource of 89mt grading 0.11 cobalt and 0.80 nickel. Increasing demand for so-called clean energy technologies has also created a demand for specific metals, including copper and cobalt, essential for making lithium-ion batteries. Australian Mines (ASX: AUZ) One of the more popular stocks in various forums is Australian Mines, which just achieved 100 ownership of its flagship Sconi cobalt, nickel and scandium project in Queensland’s north. The people of the DRC experienced significant exploitation and abuse during the colonial and post-colonial era, and their rights are still being sacrificed as the wealth around them is stripped away.” Decarbonising the global economy must not lead to further human rights violations. “Climate justice demands a just transition. “The forced evictions taking place as companies seek to expand industrial-scale copper and cobalt mining projects are wrecking lives and must stop now,” said Agnes Callamard, Amnesty International’s secretary general. Keep reading list of 4 items list 1 of 4 UAE signs deal to develop mines in eastern DR Congo list 2 of 4 Fourteen dead after militiamen attack village in northeast DR Congo list 3 of 4 Six children killed in fire at DR Congo camp for mudslide victims list 4 of 4 HRW accuses M23 militia of rape, finds mass graves in DR Congo end of list
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