Analysts: Chinese Consolidation in the Cobalt Sector Not Likely to Impact Prices

The Chinese cobalt and copper mining giant China Molybdenum’s recently announced plans to invest $2.5 billion in its already massive Tenke Fungurume Mining (photo) in the Democratic Republic of the Congo prompted new concerns that heightened Chinese control over the cobalt sector would push up prices of the blue metal that’s an essential ingredient in electric vehicle batteries.

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The post Analysts: Chinese Consolidation in the Cobalt Sector Not Likely to Impact Prices appeared first on The China Africa Project.



source https://chinaafricaproject.com/2021/08/18/analysts-chinese-consolidation-in-the-cobalt-sector-not-likely-to-impact-prices/

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