Entreprise Generale du Cobalt (EGC), US firm EVelution Energy and Trafigura signed a tripartite Memorandum of Understanding in Madrid on 13 May 2026 to build a long-term supply chain moving Congolese cobalt hydroxide to EVelution’s planned refinery in Yuma County, Arizona — intended to be the first commercial-scale cobalt sulphate and metal processing facility in the US. The arrangement, a direct outcome of the December 2025 US-DRC critical minerals agreement, is projected to cover roughly 40% of US cobalt demand once definitive agreements are finalized, with EGC sourcing hydroxide, Trafigura handling logistics and marketing via the Lobito Corridor, and EVelution targeting refinery completion by 2029.
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