Cobalt, one of the main minerals used in battery technology, is a key component of the energy transition to carbon net zero. The cobalt market is expected to skyrocket, with the vast majority of cobalt being sourced from the Democratic Republic of Congo. However, with small-scale or artisanal mining in a country associated with child labor and inhumane working conditions, significant issues have arisen around the use of this critical mineral.
Well, that was close — again. The train zooming out of the tunnel doesn’t look like a nationwide strike hitting the industry, at least for now. In fact, the train may be laden with coal actually making a timely delivery – for now. (more…)
With geopolitics, supply chain tensions, and economic red flags affecting the outlook for coal in North America this winter, here are some important questions to consider from the US coal market in the coming months.