Resilinc Special Report
The Future of Cobalt Mining: Top Trends and Forced Labor Compliance
With a substantial increase in EV production, global cobalt market demand is predicted to increase at a CAGR of 8.9% from 2023 to 2028. Furthermore, a market surplus of 5,570 tonnes is expected for 2023, causing the prices to fall to $54,840 per tonne this year. While the surge in cobalt mining production is driven by increased supplies from the Democratic Republic of Congo (DRC), forced labor concerns continue to affect a wide array of industries, including automotive and high-tech.
Learn more in Resilinc’s Special Report about the volatile cobalt mining market, the impact of forced labor, and best practices to combat forced labor in your supply chain.