This paper considers the surprising, tentative emergence of the London Metal Exchange as a quasi-labour regulator following persistent scandals over cobalt mined by child labour in the Democratic Republic of the Congo (DRC). It argues that this case offers us a useful window into the limits to financialization. The ‘financialization’ of cobalt here refers to the process by which cobalt has come to be traded as a speculative asset. Such processes have often been understood in terms of a ‘divorcing’ of value from the underlying material form. The persistence of controversies around child labour and cobalt highlights clearly how fraught a process any such divorce is. Theoretically, the paper develops these arguments through engagements with Marxian and science and technology studies (STS) literatures on commodification.
CITATION STYLE
Bernards, N. (2021). Child labour, cobalt and the London Metal Exchange: Fetish, fixing and the limits of financialization. Economy and Society, 50(4), 542–564. https://doi.org/10.1080/03085147.2021.1899659
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