What is the primary purpose of the MOU signed by EGC, EVelution Energy, and Trafigura?

The primary purpose of the MOU is to establish a long-term supply framework for Congolese cobalt hydroxide to the United States, with the aim of supporting EVelution Energy’s production of up to approximately 40% of projected U.S. cobalt demand, subject to definitive agreements.

How will the cobalt hydroxide sourced by EGC be processed and used in the U.S.?

EGC will source cobalt hydroxide under its state mandate in the Democratic Republic of Congo; EVelution Energy will refine the material at its Arizona site into battery-grade cobalt sulfate and/or alloy-grade cobalt metal for use in the U.S. aerospace, defense, and electric vehicle battery sectors.

EGC, EVelution Energy, and Trafigura Agree MOU for US–DRC Cobalt Supply Chain

May 13, 2026

EGC, EVelution Energy, and Trafigura signed an MOU to supply Congolese cobalt hydroxide to the U.S., with EVelution refining it in Arizona for EV and aerospace sectors. The partnership aims to meet approximately 40% of projected U.S. cobalt demand.

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