Update on the Chinese Cobalt Stand-off in the DR Congo

Tensions between Chinese mining China Moly and the Congolese state-owned mining Gécamines appear to be deteriorating further amid an ongoing stand-off over the massive TFM copper and cobalt mine in the southern DRC.

Shipments have reportedly been halted due to a bitter contractual dispute between the two sides, and given this is the world’s largest cobalt mine, the impact of this stand-off could be far-reaching.

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by Eric Olander

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