they're manufactured using a mineral called cobalt.alf of the world's cobalt supply comes from the democratic republic of congo, which is at the heart of the african continent, and demand is rising all over the world. not only that, congo sits on some $24 trillion worth of cobalt and other minerals, and this fuels the vicious civil wars that have claimed millions of lives and destabilized the whole reason. cnn's nima elbagir, travel to the drc which is the epicenter of a modern day cobalt gold rush. and what they found was alarming. >> reporter: christian and his friends are digging 20 meters down, taking turns at 24-hour shifts. there's no light and little oxygen, but what they bring up is precious. this is the start of a supply chain leading all the way from this makeshift mine to your luxury battery-powered car. the sacks are full of cobalt, a crucial component in lithium ion batteries set to power the coming green energy revolution, but at what cost? there is growing evidence that the cobalt supply chain uses child labor. companies

the epicenter of a cobalt gold rush.ian and his friends are digging 20 meters down, taking turns at 24 hour shifts. there's no light and little oxygen, what they bring up is precious. this is the start of a supply chain leading all the way from the mine to your luxury battery powered car. a crucial component. set to power the coming green energy revolution. at what cost? there's growing evidence that the cobalt supply chain uses child labor. companies say they are working hard to verify the source of all hand mined cobalt. but it's a difficult task. >> we're here follow the supply chain. and see if we can do it for them. we arrive at the mine where co bolt ore is washed to grind it down. we've been giving permission to film here. as soon as they see us, officials began to scare the children away. not all of them are fast enough. one young boy staggers under his load. his friend sees the camera and drops his sack. they clearly have been warned. a mining ministry official spots this boy carrying cobalt has been captured by

the cobalt from here is just a fraction.e they have to toucountersit so the very same entity whose officials found complicit in hiding the presence of child labor at the mines we visited is responsible for certifying the cobalt here is child labor free. after ten days in congo, our contacts advise us to leave for our own safety. from what we've witnessed, it's clear no manufacturer can fully assure you that your electric car is truly ethical. and as demand for essential cobalt soars, it's children like this little boy who are paying the real price. >> the local governor you spoke to warn you to expect to see kids at work. what did you say after you told them what you were able to film? >> well, we told us that we should expect that local people would be upset by what they saw as foreign interference, at what they saw as a foreign attempt to bring down the government of the president. he also said that they knew they had a problem, that they were work on the problem, but we had to take into account the poverty levels. and tha

>> cobalt, they don't have huge exposure to it.had been able to reduce their cobalt exposure for the last two years. they use about 5% of cobalt and in theirtals batteries. they are quite low on the spectrum. we don't think it is likely they will reduce that for three or four years. >> what will be in the mix for them going forward? what will get them there? >> the chemistry will stay the same. the big struggle and challenges they have now is on the manufacturing side, making sure they are getting the volumes they told investors they would meet, 10,000 cars per week in , they are at 2000 now. , alix: are they are going to get there? >> that is the big question. that is the $50 billion question. they said they would be a t 500,000 cars produced per year by the end of 2018, and they need to go up tenfold from the production numbers they are at now. it's going to be a steep ramp, for sure. biggest hurdlee for them? >> i think the manufacturing know-how. the industry experts have taken apart the car. electronics are great, the manufact

we can get the cobalt used to almost nothing. nickel andally, buy sell cobalt. have lithium, cobalt, and nickel. the issue is that there is not enough supply, and cobalt in particular, the market is tighter prices are at around $100,000 a ton. lithium, you have until about 2025 before that market gets tight. that is about $20,000 a ton. if you find a substitute, that will do you a very well when you're trying to build these cars and ashley make cash flow and -- and actually make cash flow. david: they are going to make a lot of electric vehicles. alix: a lot of the companies are trying to secure that supply line or goingg into joint ventures with companies that have that kind of supply. cobalt, the more jake comes from the drc. so there -- the majority of it comes from the drc, so there are ready supply constraints. this will be a big factor in what we're going to see from this car companies. david: are these usually traded on long-term contracts, and how long? alix: i actually do not know the answer to that. the problem is that a cobalt mine is a byproduct. it

important for cobalt production and cobalt is a hot commodity because the central ingredient in batteriese phones. the shift to electric vehicles will up demand for cobalt. it is important and getting more important because when gore talked a lot about how they well off they are in the energy transition switch to electric vehicles. that will be harder to convince investors if they do not have this mine. vonnie: what is the worst-case payout,, is it just a or the need to exit congo completely? >> i do not think anyone is talking about that at the moment. it is very preliminary. we do not know what they will be investigating. it is too early to say anything like that. glencore is committed to being in the congo. the congo, which should be a good news story for glencore, looking more complicated. nejra: complicated and so far all parties have denied wrongdoing. are we expecting a response beyond that from glencore? >> i do not know, difficult to say. they have not given one so far and it is difficult for them to comment at a preliminary nature. they do not know what the allegations are. glen

congo isof copper, the copperart of glencore's operation and cobalt, which is a hot commodity.e electric car revolution and glencore has been vocal in getting -- touting cobalt from the congo and how it can take advantage of this electric car and battery demand. shery: glencore has had many legal challenges in the last few years. they have been distancing themselves from the russian oligarch. tell us about the background and how much this will add to the challenges. >> in a sense, it shows this is an ongoing legal nightmare for glencore. you have seen bribery investigations earlier into ger joseph, those of -- investors may think it may speak to the risk of the ss model for glencore, they made a lot of money going into places other companies would be concerned about going in. perhaps, a could be viewed at glencore's strategy of doing business with perhaps difficult people in difficult areas is backfiring. david: that is part of their business, they have to go with difficult places. that should lead them to be extra cautious. what about the governance structure in and compliance

the automakers are responding by areas.g to lower cobalt they are trying to hedge away from cobalt.eneral sense that china is ahead of the u.s. and will remain ahead of them as it is a priority of the government. is that accurate? >> absolutely correct. we characterize the chinese market ev policy as an industrial policy, leapfrogging competition in the auto market, becoming a leader in ev industrialization. that is what we are seeing in terms of rebates, oem manufacturing, and sheer volume. close to one million cars sold a year. alix: so what company wins? >> you're hurting your previous segment tesla being talked about a lot but we are seeing other oems desponding. they are not sitting idly by. by 2020, we expect over 300 models to be offered by incumbent oems. the response is aggressive and we expect that to change the landscape dramatically in the next few years. gm is way ahead afford. david: without a doubt. and others are really going out. alix: great to get your perspective. nicolas maduro wins another term. we talk about this with the mastermind behind elliott management's

reporter: her family owns this and she spotted the getaway car which she believes is a red chevy cobalt. with the police report was filed, when officer told the family didn't surprise her. >> there were eight other brigands on santa clara street. it was done in the same fashion . >> i think it is the same guys. or the same team of people the river rock is always the same size. >> reporter: the jewelry store has been burglarized three times over a six month span she is now investing in tempered glass doors and using cameras and doing everything she can to protect yourself. >> you get tired of being taken advantage of. you get tired of feeling victimized. >> reporter: we wanted to show you some more of that surveillance video of the suspect involved. the business owners shared it with us in hopes that the suspects will get caught and to let other businesses know that this is happening. and they should be on the lookout for that red car. anybody with information is asked to contact police here in san jose. >>> the body of a 76-year-old woman was discovered today inside the stairwell of a l

texas governor announces medicaid to be replaced with ten dollars cobalts this is learned. ministry's police forces and city administrations of many countries depend on one corporation and another one mike was hoping to avoid doesn't come from the muslim god i'm stumped this is how the guns. would say as the fee that he got into this it's a must also apply been proprietary software you don't know this whole cult isn't that such a security risk when you have a black box operating in the public eye to microsoft's dependency puts governments on the cyber threat not only that she thinks office can put more on. the softness of the system this is still being played one of the most vocal to most of these two boardrooms of the us the still the isn't this is the. post i made on the old patient stopping them also still holds a fund is up and his cards on the final. call. the united states can always. use. tax on other countries. economic sanctions or are often just a beginning another thing you like to do is place some military pressure on the countries and talking about. there has t

tesla promises to cut its reliance on cobalt for its model 3, opting for nickel instead. ♪ alix: i amand welcome to "bloomberg commodities edge." 30 minutes focusing on the companies in trading with the hottest commodities and smartest

it better than the british army and the british people really we really know how to put a show on cobalts wall. and also coming up on the day a charm offensive flowers for america as she meets with flattery appearing the two leaders try to hit the reset button and find common ground. we have a strategic interest in having good relations with russia and i think talking to each other is extremely important i mean. it's great to have you along we begin with the wedding that the world is talking about britain's prince harry and american actress megan marko will tie the knot in just a matter of hours now the groom and his best man the prince william are out meeting the fans earlier today thousands of well wishers are in the royal town of windsor ahead of the ceremony making markel and her mother arrived at a hotel in the town where they'll spend the night before the wedding. are now with the countdown on for the royal wedding a like any other day is going over royal will be broadcasting live on prince harry and marco's big day i'm joined by two members of our world team in the place to be in w

elon musk promises to cut its reliance on cobalt for its model 3, opting for nickel instead. ♪ alix:ix steel, and welcome to "bloomberg commodities edge," 30 minutes focusing on the companies in

. >> she spotted the getaway car and she believes it is a red chevy cobalt. when the police report was filed when an officer told the -- what the officer told the family didn't surprise her. >> in the same fashion a river rock was thrown through though window. >> it is the same team of people. the river rock is always the same size. the jewelry store has been burglarized three times over a three month span. she has invested in peppered glass doors with high definition cameras doing everything she can to protect yourself. >> you get tired of being taken advantage of. and you get tired of feeling like you are victimize. >> store owners wanted to share the this video and hoping that the suspects will get caught and warning other businesses to look out for that red car. anyone with information is asked to call the san jose police. >>> danville police are looking for suspect that rob the man and then took off in a previous it happened just after 12 noon at the safeway star -- safeway store. when the victim decided against buying the watch the man threatened him wi

tesla's promises to cut its reliance on cobalt for its model 3, opting for nickel instead. ♪ alix: icome to "bloomberg commodities edge." 30 minutes focusing on

i want to look about what company in particular is using music.ogy to up and cobalt music is part label digital platform, and gary trent the power music industry back into the hands of performers. it has been a rough 2000, and adjusted revenues of $21 million while featuring some of the biggest artists today, that ariana grande day, back, sting, and more in its stable. joining us now is they ceo and founder. i am curious what the feeling is -- among artists. how do artists feel now? >> that the lord moment, people -- i remember that particular moment. were quite upset come but the artists have a right now are platform -- and all of it came from streaming. kobalt transformed music streaming industry. emily: talk about how you do that? >> with a regional system, 80% is put in a separate organization with a global platform. straight into spotify or apple and big players into the world and we put it all together in are global platform. we see in real-time what is going on in the world with the data, revenue, demographics. emily: you are a musician and play the saxophone, i am curious what t

cobalt prices have been soaring in recent months as more electric vehicles are built.of cobalt >>> businesses all over the world are shifting company policy to work with data protection and privacy joining us with steps businesses can take to secure their software and data, mike gregoire he is the ceo of ca technologies before we get into it, what do you think of this policy itself? >> you know, it's a good start when you take a look at the public/private cooperation, this is the first time that i've actually seen it work to a certain degree when that ruling first came out about four years ago and we were working in brussels, it was a lot more draconian the fact of the matter is they've gotten more wind in their sales because if you see all of the breaches and how the data has been used, they're more right than wrong and their fears have been shown public that this is why they want to have something that's a little bit more focused. now, on the other hand, it's a very expensive way to solve this problem. and the thing that i am most concerned about, businesses will bec

cobalt could come under pressure after elon musk said that tesla's use of the metal and battery productionowards zero. it plans to use more nickel in its model three production. in the meantime, let's it to the first word news with mark crumpton. nbc news reports that federal investigators wiretapped that the phones of president trump's personal lawyer michael: in the weeks leading up to raids n leadingel cohe up to the raids of his apartment. the washington post reports that iani said he has not been informed of any wiretaps but he is expecting to discuss the issue soon with the president. he noted the president should have been informed with personal lawyer's phones were being bogged. 100% davis says he is convinced that britain will leave the customs union after brexit. u.k.ays directly into plans to manage exports and trade arrangements in the future. >> at the moment come almost a 60% of our future exports are now going to the rest of the world. this is not surprising because and the commission itself says the vast majority of trade will come outside of the european union. it has to l

cobalt was held in contempt of court for failing to inform his own state voters that they could register to vote . finally, the president dissolve his commission without identifying any evidence to support his claims. what about the justice department? citizened for this new question supposedly to help enforce the voting rights act. however, during the entire tenure of the trump administration, the justice department has not filed a single new voting rights action. in fact, attorney general jeff sessions has criticized the voting rights act as intrusive. he said it is intrusive. help -- she said it is intrusive to help people vote in america. revised thetment u.s. attorneys manual to remove references to racial gerrymandering. the trump administration and the department of justice have reversed three times. all in favor of -- you guessed it -- voter suppression. 2018, a coalition sent a letter to the commerce department condemning this new question. they explained this data has never been needed since congress first past the voting rights act in 1965. "theding to their letter, doj mainta

look at the way software development coding went, there used to be this stuff called for tran and cobalt. you're further back to the cards. and today there is something called ruby on rails, and i could literally teach it to you in two weeks. the simplicity that the tools provide for people who feel confident in an environment increasingly remove the necessity to be a low-level expert so that you can at least get started with whatever your idea, whatever your approach is. there was a time where i'm sure a lot of people in this room were learning how to use excel. and now you probably take it for granted that you know thou use excel. i bet there are more people in this room who feel uncomfortable on instagram than they do on facebook, right? the reality is that as society continues to invest in these tools, the next generation is indoctrinated to these tools, and they have no fear of attacking these tools. so what we want to teach these kids is aspire for more. don't aspire to work for somebody. this is something i'm teaching my own kids. aspire to work for yourself. there has never been

he appointed chris cobalt to leave this commission. mr. cho back was held in contempt of court for failing to inform his own states voters that they could register to vote. finally, the president resolved his commission without identifying any evidence to support his claims. what about the justice department? this new system is supposedly enforced to -- during the entire tenure of the trump administration, the justice department has not filed a single new voting rights action. in fact, jeff sessions has criticized the voting rights act as intrusive. it is intrusive to help people vote in america. and so the department ever buys u.s. attorneys manual to remove references to racial gerrymandering. and the trump administration has reversed this position three times rick in one case in gerrymandering in texas. and in another case voting in ohio and in the third case on a voter id law in texas. all in favor of voter suppression. on march 22nd, 2018, a coalition of the most esteemed voting rights advocates sent a letter to the commerce departmen