Civil war breaks out in the Democratic Republic of Congo, the world's largest cobalt producer, causing cobalt prices to rise sharply

Due to the civil war in the Democratic Republic of Congo, the world's largest cobalt mine, the global cobalt supply is tight and the cobalt price has risen sharply. As a result, all cathode material suppliers have stopped quoting, and it is impossible to place orders for cathode materials in the short term. The lithium battery industry is facing the challenges of rising costs and supply chain disruptions.