Entreprise Générale du Cobalt, EVelution Energy and Trafigura sign MOU to establish direct U.S.–DRC cobalt supply chain

Published: May 13, 2026 06:00

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Entreprise Générale du Cobalt (EGC), EVelution Energy, and Trafigura have signed a memorandum of understanding (MOU) to establish a long-term cobalt supply chain from the Democratic Republic of the Congo (DRC) to the United States. Under the proposed arrangement, EGC will be responsible for sourcing cobalt hydroxide in the DRC, Trafigura will provide logistics, supply chain, and marketing services, and EVelution Energy will process the material in Arizona into battery-grade cobalt sulfate or cobalt metal for use in the aerospace, defense, and electric vehicle industries. The partnership is expected to meet approximately 40% of U.S. cobalt demand and represents a significant step in advancing U.S.–DRC cooperation on critical minerals.

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