(Bloomberg) -- The world’s No. 1 cobalt miner is sounding the alarm over the shrinking role of the metal in electric vehicle batteries. Chinese company CMOC Group Ltd., which has been churning out ...
The US Department of Defense has canceled its long-awaited plan to buy up to US$500 million worth of cobalt, a mineral vital ...
In-country stocks have already built up since exports were halted in February. China's CMOC (603993.SS), the world's largest producer thanks to its huge Congolese copper-cobalt operations, reported ...
Cobalt mining in the DRC is marred by human rights violations, including child labor, driven by weak regulations and corruption. China's control over 70% of the global cobalt supply raises concerns ...
Since the plan was unveiled last month, prices of both the hydroxide and the refined metal have jumped over 20%.
Along the 63-mile highway between the towns of Kolwezi and Fungurume sit two towering symbols of China’s stranglehold over resources in the southeast corner of the Democratic Republic of Congo: huge ...
Purchases for state stockpiles are driving up prices of cobalt metal in China, creating a hefty premium over the rest of the world and encouraging local producers to add large amounts of production ...