Human Wrongs Watch
By OXFAM International*
70% of minerals for renewables lies in Global South but the majority of profits are captured by the world’s richest
Image from OXFAM International.For example, Tesla, the firm owned by the world’s richest man, Elon Musk, made $5.63bn from Electric Vehicles (EVs) sales in 2024.
For each EV, the company earned profits of $3,145 – 321 times more than the entire Democratic Republic of Congo (DRC) got for supplying the 3Kg of cobalt in each car.




.
