Monday, August 9, 2021

China Makes New Investment in DRC Cobalt and Copper

 Reuters published on 6 August 2021 an article titled "China Moly to Spend $2.5 Bln to Double Copper, Cobalt Output at Congo Mine" by Tom Daly.

China Molybdenum Company will spend $2.5 billion to double production of copper and cobalt at its mine in the DRC, one of the world's largest copper-cobalt deposits.  This underscores the growing importance of the DRC to trade with China.