What Happened: Brazil and Germany are currently negotiating an agreement to use German technology to separate cobalt from nickel reserves in Brazil, Brazilian news service Universo Online reported July 24.
Why It Matters: Brazil could provide investors with a more reliable source of cobalt than the Democratic Republic of the Congo, where political instability and increased taxation are discouraging investment.
Background: The rise of electric vehicles will cause an increase in demand for the raw materials used in their batteries, such as cobalt and lithium.
- How Renewable Energy Will Change Geopolitics (June 27, 2018)
- The Congo Is Set to Butt Heads With Mining Firms Over Cobalt (March 4, 2018)
- Cobalt: A Metal Poised to Peak (Jan. 8, 2018)