Shiraz virji biography template
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How a Dubai-based businessman has emerged as a key player in the world’s cobalt supplies
DUBAI: A low-profile Dubai-based businessman has emerged as a key player in the race to secure global cobalt supplies to help power the electric vehicle revolution.
Dubai-headquartered Shalina Resources, headed by Shiraz Virji, is staking its claim to the increasingly precious commodity found in the copper-rich soil of the Democratic Republic of Congo (DRC), Arab News can reveal.
Cobalt is an essential mineral used for rechargeable batteries in electric vehicles (EVs), a market that is forecast to explode in the next quarter of a century as international car companies reduce their reliance on gasoline-powered vehicles.
Shiraz virji biography template
And as the DRC contains 60 percent of the world’s copper deposits, mining concessions there have become prized possessions. (Cobalt is usually a byproduct of copper)
Virji is busy ramping up cobalt production at his DRC mines.
In fact, he is expanding at such a pac