Tesla Battery Push Spurs ENRC Owner to Target Cobalt Mining

Updated on
  • Eurasian Resources develops $2.2 billion project in Congo
  • CEO sees cobalt prices rising on more demand for batteries

Review: Tesla Model S P90D, Almost Perfect

Eurasian Resources Group S.a.r.l. plans to use a $2.2 billion project in the Democratic Republic of Congo to become the world’s top cobalt producer and tap growing demand for batteries from companies including Tesla Motors Inc.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.