trending Market Intelligence /marketintelligence/en/news-insights/trending/p9cogkqzosn4g03ovfrpha2 content esgSubNav
In This List

Report: Chinese cobalt miner eyes 30,000 tonnes of cobalt output in FY'18

Blog

Insight Weekly: US bank stress tests; cracks in housing market; summer energy supply risks

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

World Exploration Trends 2022

Blog

Snapshot: Battery Metals Market Outlook


Report: Chinese cobalt miner eyes 30,000 tonnes of cobalt output in FY'18

Zhejiang Huayou Cobalt Co. Ltd plans to produce over 30,000 tonnes of cobalt metal equivalent this year amid an expansion in the Democratic Republic of the Congo, Reuters reported May 17, citing Vice President Frank Chen.

The company produced about 20,000 tonnes of cobalt equivalent in 2017, Chen said, adding that a new plant at Kolwezi in the DRC is in the testing phase and is expected to go online "very soon." The plant, the company's second in the area, will have annual cobalt hydroxide capacity of 5,000 tonnes.

Huayou Cobalt is also eyeing new mining projects in the African country, according to the report.