U.S. firms are buying cobalt metal produced in Indonesia by China's Lygend Resources that does not incur the tariffs placed ...
Cobalt futures prices in China jumped more than 9% on Monday fuelled by China's strategic buying of cobalt and talks of extension of export ban from the Democratic Republic of Congo, the top supplier ...
Both cobalt-copper mines are located in the Democratic Republic of Congo. American mining giant Freeport-McMoRan sold its stake in the Tenke Fungurume Mine to CMOC Group – then known as China ...
The company, which is majority-owned by China Minmetals, had invested up to $600m in a project to boost copper output and initiate cobalt production at Kinsevere. Despite the investment ...
(Bloomberg) -- Cobalt stocks rose in China on Tuesday as a surprise export ban in the Democratic Republic of Congo lifted the near-term outlook for the material used in alloys and batteries.
But as far as critical minerals are concerned, China has "a virtual monopoly on copper and cobalt production", according to Joseph Cihunda, from the University of Kinshasa's law faculty.
The tussle playing out between Beijing and Washington over the sourcing and processing of critical minerals might not have been so intense had the United States not sold two of the world's biggest ...