{
 "cobalt_world_t": 268755,
 "drc_mine_share": 74.5,
 "copper_world_t": 22911145,
 "byproduct": {
  "copper": 0.7,
  "nickel": 0.28,
  "primary": 0.02
 },
 "byproduct_pct": 98,
 "china_refine_pct": {
  "low": 68,
  "central": 76,
  "high": 80
 },
 "battery_pct": {
  "low": 65,
  "central": 72,
  "high": 78
 },
 "steps": [
  {
   "label": "World cobalt mined",
   "tonnes": 268755,
   "lo": 268755,
   "hi": 268755,
   "note": "WMD 2024 — 100% of primary supply"
  },
  {
   "label": "From DR Congo (as a copper by-product)",
   "tonnes": 200222,
   "lo": 188128,
   "hi": 209629,
   "note": "~74% of mine supply, recovered from Katangan copper ore"
  },
  {
   "label": "Refined in China",
   "tonnes": 204254,
   "lo": 182753,
   "hi": 215004,
   "note": "~76% of refining — the chokepoint moves to a different country than the mine"
  },
  {
   "label": "Into batteries",
   "tonnes": 193504,
   "lo": 174691,
   "hi": 209629,
   "note": "~72% of end-use — and LFP (cobalt-free) is eroding this"
  }
 ],
 "engine_2020": {
  "total_musd": 675,
  "drc_share": 15.1
 },
 "baci_2020": {
  "total_musd": 3519,
  "drc_share": 84.2,
  "hhi": 0.71
 },
 "gap_musd": 2844
}