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CMOC Reportedly Calls on DR Congo to Lift Cobalt Export Ban
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Kenny Ives, Vice President of CMOC (03993.HK), the world's cobalt leader, called on the world's largest cobalt producing country, DR Congo, to lift the cobalt export ban as soon as possible at a closed-door industry meeting in Singapore, as cobalt is a key raw material used in the production of EV batteries, foreign media quoted sources as saying. LFP batteries are already used by some Chinese EV makers, such as BYD COMPANY (01211.HK), and are increasingly used in large-scale energy storage projects. AAStocks Financial News Website: www.aastocks.com |
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