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China’s Cobalt Mining Company CMOC Group, Democratic Republic of Congo (DRC), asked to lift the current ban on Cobalt export to the end of next month ReutersWith reference to three sources familiar with the issue.
The ban exceeded the cobalt prices for four months in February, as the cobalt prices reached nine years.
CMOC vice-president, Kenny Ives, Congolese government conference in an industrial conference in Singapore called for restrictions on COBALLESA restrictions, electric vehicle (home) batteries that have a critical component of the electric vehicle (home) batteries.
The appeal was made with the participation of the DRC minister of DRC Kizito Pakabomban.
The leading cobalt manufacturer DRC has indefinitely unknowns from the plans of the prohibited plans of an extension or export quotas.
Stressing that the DRC is needed to allow free cobalt exports, China stressed the concerns in the reduced pipeline inventory.
Continuous restrictions warned that the automotive industry could not move to Lithium Iron Phosphate (LFP), which does not require cobalt.
This transition continues with Chinese household manufacturers, as already adopted LFP batteries.
Some participants interpreted the Ives in a threat covered by Ives, strengthened the fears that aims to invest in Cobalt prices to collect Chinese strategic resources.
CMOC expects COBALT production between 100,000 tons
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