ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Chinese cobalt producer to double Congo output with eye on top spot

China Molybdenum to invest $2.5bn for sought-after battery material

China Molybdenum produces cobalt at this facility in the Democratic Republic of the Congo. (Photo courtesy of China Molybdenum)

DALIAN, China -- China Molybdenum, the world's second-leading producer of cobalt, plans to roughly double its output to meet growing demand for the key battery material, with an eye on outstripping industry leader Swiss rival Glencore.

But China's voracious appetite for the metal has raised the alarm in the U.S. and other countries. Labor rights concerns involving its mines in the Democratic Republic of Congo could also hamper the company's ambitions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more