Flood of Copper & Cobalt Expected After Congo Mine Deal

Flood of Copper & Cobalt Expected After Congo Mine Deal

GALWAY, IRELAND--April 25, 2023--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Chinese mining giant China Molybdenum Company Limited (CMOC) (Beijing, China) has announced a breakthrough in its attempts to move a massive stockpile of copper and cobalt worth up to US$1.5 billion from its main mine in the Democratic Republic of Congo (DRC).

Within this article: Details deal between China's CMOC and Congo's government on royalties, resulting flood of copper & cobalt onto global market, history of dispute, size of mine, ongoing projects

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