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EGC, EVelution Energy and Trafigura agree MoU for US–DRC cobalt supply chain

13th May 2026

By: Reuters

  

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Entreprise Générale du Cobalt (EGC), EVelution Energy and Trafigura on Wednesday announced a memorandum of understanding (MoU) to set up a long-term supply framework for Congolese cobalt hydroxide to the US.

"The arrangement is expected, subject to definitive agreements, to support EVelution Energy’s production of up to approximately 40% of projected US cobalt demand," commodity trader Trafigura said in a statement.

It said EVelution Energy is set to refine the material at its Arizona site into battery-grade cobalt sulfate and/or alloy-grade cobalt metal for the US aerospace, defense and electric vehicle battery sectors, while EGC is expected to source cobalt hydroxide under its state mandate in the DRC.

In December 2025, the US's development lender announced plans to take a stake in a new partnership to market Congo's minerals which could give US end-users the right of first refusal on copper and cobalt supplies.

Edited by Reuters

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