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China’s CMOC Set to Overtake Switzerland’s Glencore as the DR Congo’s Top Cobalt Producer

by Eric Olander

CMOC Group is forecast to overtake Swiss mining giant Glencore as the largest producer of cobalt when the Chinese company brings another massive mine online later this year.

Cobalt is a critical ingredient used to manufacture batteries for electric vehicles and the DR Congo is home to an estimated 70% of the world’s known reserves.

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