Cobalt prices jumped to a three-year high in Chinse trading this month due to mounting concerns over shipment delays in the DR Congo-to-South Africa supply chain.
Shipments from the DR Congo account for 90% of China’s sourcing for the metal that’s a critical ingredient in electric vehicle batteries. Under normal circumstances, it takes less than 20 days for trucks to deliver shipments to the Port of Durban in South Africa. Now, though, that journey’s taking more than a month to complete.
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Investors are becoming increasingly worried that South Africa’s recent decision to close 20 land ports will adversely impact the flow of cobalt from mines in the DR Congo to customers in China. President ...
The impact of the floods that disrupted operations at South Africa’s Durban harbor is being felt throughout the cobalt supply chain. The Swiss cobalt miner Glencore reacted by declaring force majeure, but so far ...
The Chinese Mining Company Suzhou CATH Energy Technologies closed a $240 million investment with Australia’s AVZ Minerals for rights to the Manono lithium mine in the southern DR Congo. The Chinese company now ...
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