The DRC export ban introduces uncertainty, potentially deterring investment in future production there. This could make projects outside the DRC more attractive.
Cobalt Blue has spent eight years positioning itself as a key player, with its Kwinana Cobalt Refinery set to be Australia’s first and one of the largest non-China suppliers of battery-grade cobalt sulphate. Meanwhile, the Broken Hill Cobalt Project, one of the largest non-African sources, awaits better market conditions to move forward.
With supply tightening, Australia’s stable jurisdiction becomes even more appealing. We’ve been closely tied to EV manufacturers and battery makers for years, and while we couldn’t predict this disruption, we’ve always known the market would evolve—making projects like ours a prime investment opportunity.