Eurasian Resources Group, which is a privately held diversified international miner, produced an estimated total of 20,700 MT of cobalt in 2021. The company bills itself as “the world’s largest high-carbon ferrochrome producer by chrome content and among the principal copper and cobalt suppliers.”
Eurasian Resource Group’s Metalkol RTR recycling project in the DRC is reprocessing historic mine tailings that belong to other miners in the region. The operation is currently capable of producing 21,000 MT of cobalt per year, which the company suggests is sufficient for 3 million EV batteries.