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

by 198 China News
August 18, 2021
in CHINA AFRICA NEWS
2 min read
0
Analysts: Chinese Consolidation in the Cobalt Sector Not Likely to Impact Prices
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File picture of the processing plant at China Molybdenum’s Tenke Fungurume mine within the Democratic Republic of the Congo.

The Chinese language cobalt and copper mining large China Molybdenum’s lately introduced plans to speculate $2.5 billion in its already large Tenke Fungurume Mining (photograph) within the Democratic Republic of the Congo prompted new considerations that heightened Chinese language management over the cobalt sector would push up costs of the blue steel that’s an important ingredient in electrical automobile batteries.

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Tags: analystsChineseCobaltConsolidationImpactPricesSector
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